July 15, 2012
The Dollar Discount Store franchise has an alarmingly high SBA loan default rate of 56%. Dollar Discount Store is listed by the SBA among the worst franchises by SBA loan default.
Are you familiar with the Dollar Discount Store franchise opportunity? Please share a comment below.
Dollar Discount Store franchisees have received 34 SBA-guaranteed loans since 2001; more than half of those loans have been defaulted on by Dollar Discount Store franchise owners.
The Dollar Discount Store Franchise has a failure rate of 56% for SBA-backed franchise loans
It’s likely that Dollar Discount Store franchise owners who received SBA loans may have collateralized their franchise loan with their houses or other personal assets, and more than half were unable to repay those franchise loans… despite serious incentive to do so.
Are you familiar with the Dollar Discount Store franchise opportunity?
What do you think accounts for the SBA loan failure rate of Dollar Discount Store franchise owners?
What steps should Dollar Discount Stores of America be taking to stop further franchise failures?
Has Dollar Discount Stores of America taken serious action to address the problems that led to the 56% loan failures?
Please share a comment, opinion or insight below.
ARE YOU A DOLLAR DISCOUNT STORE FRANCHISE OWNER OR FORMER DOLLAR DISCOUNT FRANCHISEE? ARE YOU FAMILIAR WITH DOLLAR DISCOUNT FRANCHISE OPPORTUNITY? PLEASE SHARE A COMMENT BELOW.
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