The GNC General Nutrition Centers franchise has a high SBA loan default rate of 23%. GNC is listed by the SBA among the worst franchises by SBA loan default.
Are you familiar with the GNC General Nutrition Centers franchise opportunity? Please share a comment below.
GNC General Nutrition Centers franchisees have received 91 SBA-guaranteed loans since 2001; nearly one-quarter of those loans have been defaulted on by GNC franchise owners.
The GNC Franchise has a failure rate of 23% for SBA-backed franchise loans
It’s likely that GNC franchise owners who received SBA loans may have collateralized their franchise loan with their houses or other personal assets, and nearly a quarter were unable to repay those franchise loans… despite serious incentive to do so.
Are you familiar with the GNC franchise opportunity?
What do you think accounts for the SBA loan failure rate of GNC franchise owners?
What steps should GNC be taking to stop further franchise failures?
Has GNC taken serious action to address the problems that led to the 23% loan failures?
Please share a comment, opinion or insight below.
ARE YOU A GNC FRANCHISE OWNER OR FORMER GENERAL NUTRITION CENTER FRANCHISEE? ARE YOU FAMILIAR WITH GNC FRANCHISE OPPORTUNITY? PLEASE SHARE A COMMENT BELOW.
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