BELLACINO’S PIZZA: Worst Franchises by SBA Loan Defaults
November 3, 2009
According to Investopedia’s review of an SBA report, pizza franchises are among the biggest franchise losers. Our recent post 15 Worst Franchises by SBA Loan Defaults listed the franchise concepts with the highest rate of SBA loan defaults for 2008.
The Bellacino’s Pizza franchise was listed as the 10th worst for SBA loan defaults for 2008. According to Katie Adams of Investopedia:
10. Bellacino’s Pizza
If you’re a Facebook user, you can become a Bellacino’s Pizza “fan.”
Unfortunately 26% of Bellacino’s owners that took on SBA financing couldn’t get enough regular fans to stay current on their debt payments.
That number closes in on 30% dating back to 2000.
ARE YOU FAMILIAR WITH THE BELLACINO’S PIZZA FRANCHISE OPPORTUNITY? SHARE YOUR THOUGHTS BELOW.