The Philly Connection franchise has an outrageously high SBA loan default rate of 56%.
What’s even more shocking is that the Philly Connection franchise system only lists 32 operational locations, yet they’ve had more than 80 franchise loans approved since 2001. More than 1/2 of those loans ended with the franchisees defaulting.
Are you familiar with the Philly Connection franchise opportunity? Please share a comment below.
According to the Philly Connection franchise website, Philly Connection is actively recruiting individuals to invest anywhere from $160,000 – $249,500 in the Philly Connection franchise opportunity.
What Philly Connection doesn’t disclose on their website is that more than half of those who financed a Philly Connection franchise through an SBA-backed loan have defaulted on that loan.
That’s right: More than half of the Philly Connection franchise owners who received SBA loans, some of whom may have collateralized their franchise loan with their house or other personal assets, were unable to repay those franchise loans… despite serious incentive to do so.
Are you familiar with the Philly Connection franchise opportunity?
What do you think accounts for the SBA loan failure rate of Philly Connection franchise owners?
What steps should Philly Connection be taking to stop further franchise failures?
Please share a comment, opinion or insight below.
ARE YOU A PHILLY CONNECTION FRANCHISE OWNER OR FORMER PHILLY CONNECTION FRANCHISEE? ARE YOU FAMILIAR WITH THE PHILLY CONNECTION FRANCHISE OPPORTUNITY? PLEASE SHARE A COMMENT BELOW.
Tags: Philly Connection, Philly Connection franchise, Philly Connection complaints, sub franchise, sandwich franchise, cheesesteak franchise, franchise, restaurant franchise, food franchise, franchise failure rate, worst franchise, sba failure rates, SBA franchise loans, franchise information, unhappy franchisee,
Big Pharma powerhouse Eli Lilly is rallying a broad effort to shut down the illegal…
Keith Gross made a valiant - and expensive - effort to become Florida’s first elected…
Homefront Brands CFO Michael Joseph Dudan, brother of CEO Jeff Dudan, is reportedly facing charges…
Keith Gross’ defamation lawsuit against a former Communications Director in a past failed election bid could…
Congressional Candidate Keith Gross recently added another $5M of personal funds into his campaign, bringing…
The Wallaby Windows franchise was founded by Scott Marr, husband of franchise attorney & Congressional…
View Comments
Just ate at a Philly Connection in Roswell Georgia- that was the dirtiest restaurant I have ever been to. The sandwich was very good. Please reply!????