July 12, 2012
The Jerry’s Subs franchise has an alarmingly high SBA loan default rate of 50%.
Jerry’s Subs franchisees have received 33 SBA-guaranteed loans; half of those loans have been defaulted on by Jerry’s Subs franchise owners.
Are you familiar with the Jerry’s Subs franchise opportunity? Please share a comment below.
The Jerry’s Subs Franchise has a failure rate of 50% for SBA-backed franchise loans
Despite it’s high SBA loan default rate, Jerry’s Subs & Pizza not only continues to recruit franchise owners, it boasts and how fast they can put you in business:
Jerry’s has been famous for ‘The World’s Best Cheesesteaks’ and NY Style Pizza since 1954…
If you are a prospective new franchisee with prior experience in the Delivery business, we are currently offering a "special opportunity" for you to ‘Own Your Own Jerry’s’ with a low initial investment and the ability to be in business in as little as 45 days!
But how long will you stay in business, especially if you are relying on a brand-new delivery based business?
What Jerry’s Subs doesn’t point out is that it’s likely that Jerry’s Subs 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 Jerry’s Subs franchise opportunity?
What do you think accounts for the SBA loan failure rate of Jerry’s Subs franchise owners?
What steps should Jerry’s Subs be taking to stop further franchise failures?
Has Jerry’s Subs taken serious action to address the problems that led to the 50% loan failures?
Please share a comment, opinion or insight below.
ARE YOU A JERRY’S SUBS FRANCHISE OWNER OR FORMER JERRY’S SUBS FRANCHISEE? ARE YOU FAMILIAR WITH THE JERRY’S SUBS FRANCHISE OPPORTUNITY? PLEASE SHARE A COMMENT BELOW.
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