July 13, 2012
The Togo’s franchise has a high SBA loan default rate of 24%.
According to the Small Business Administration, Togo’s franchisees have received 74 SBA-guaranteed loans to date; nearly a quarter of those loans have been defaulted on by Togo’s franchise owners.
Are you familiar with the Togo’s franchise opportunity? Please share a comment below.
The Togo’s Franchise has a failure rate of 24% for SBA-backed franchise loans
It’s likely that Togo’s franchise owners who received SBA loans may have collateralized their franchise loan with their houses or other personal assets, and nearly half were unable to repay those franchise loans… despite serious incentive to do so.
Are you familiar with the Togo’s franchise opportunity?
What do you think accounts for the SBA loan failure rate of Togo’s franchise owners?
What steps should Togo’s be taking to stop further franchise failures?
Has Togo’s taken serious action to address the problems that led to the 24% loan failures?
Please share a comment, opinion or insight below.
ARE YOU A TOGO’S FRANCHISE OWNER OR FORMER TOGO’S FRANCHISEE? ARE YOU FAMILIAR WITH THE TOGO’S FRANCHISE OPPORTUNITY? PLEASE SHARE A COMMENT BELOW.
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