July 20, 2012
Postal Connections franchise opportunity: Are you considering it?
Be aware that data released by the Small Business Administration (SBA) indicates that Postal Connections franchise owners who qualified for SBA-backed franchise loans have a very high loan failure rate of 35%.
That qualifies Postal Connections for inclusion in UnhappyFranchisee.com’s list of WORST FRANCHISES IN AMERICA (by SBA loan defaults)
Are you familiar with the Postal Connections franchise opportunity? If so, please share your experience, opinions or insights with a comment below.
If you are an Postal Connections franchise representative or employee, please leave a comment or email us at UnhappyFranchisee[at]gmail.com.
Postal Connections franchise owners have an alarming 35% SBA default rate.
The apparent drop in U.S. Postal Connections franchises in recent years is also a franchise red flag.
|Postal Connections Franchise|
|Postal Connections U.S. franchises in 2008:||72|
|Postal Connections U.S. franchises in 2012:||46|
|Growth in franchise units 2008 – 2012 (#)||-26|
|Growth in franchise units 2008 – 2012 (%):||-36%|
|SBA loans granted since 2001:||33|
|SBA loan failure rate:||35%|
|Sources: Entrepreneur (growth), company website (growth), Coleman report (SBA)|
The inability to repay an SBA-backed loan (or any franchise loan, for that matter) indicates a serious situation for the franchisee.
It’s likely that Postal Connections franchise owners who received SBA loans may have collateralized their franchise loan with their homes or other personal assets, and many were unable to repay those franchise loans… despite the serious incentive to do so.
Are you familiar with the Postal Connections franchise opportunity?
What do you think accounts for the SBA loan failure rate of Postal Connections franchise owners?
What steps should Postal Connections be taking to stop further franchise failures?
Has Postal Connections taken serious action to address the problems that led to these loan failures?
Please share a comment (anonymous is fine) or Contact UnhappyFranchisee.com.
ARE YOU FAMILIAR WITH THE POSTAL CONNECTIONS FRANCHISE OPPORTUNITY? PLEASE SHARE A COMMENT BELOW.
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