July 11, 2012
Wings to Go, the Maryland-based chicken wing franchise, has a shockingly high SBA loan default rate of 57%.
Are you familiar with the Wings to Go franchise opportunity? Please share a comment below.
That means that Wings to Go franchise owners, some of whom may have collateralized their franchise loan with their house or other personal assets, were unable to repay their loans 57% of the time despite having a very serious incentive to do so.
The Wings to Go Franchise has a failure rate of 57% for SBA-backed franchise loans
Are you familiar with the Wings to Go franchise opportunity?
What do you think accounts for the SBA loan failure rate of Wings to Go franchise owners?
What steps should Wings to Go be taking to stop further franchise failures?
Please share a comment, opinion or insight below.
ARE YOU A WINGS TO GO FRANCHISE OWNER OR FORMER FRANCHISEE? ARE YOU FAMILIAR WITH THE WINGS TO GO FRANCHISE OPPORTUNITY? PLEASE SHARE A COMMENT BELOW.
Tags: Wings to Go, Wings to Go franchise, Wings to Go complaints, Chicken wing franchise, food franchise, restaurant franchise, wings franchise, franchise failure rate, worst franchise, sba failure rates, SBA franchise loans, franchise information, unhappy franchisee