The Bellacino’s Pizza franchise has a disturbingly high SBA loan default rate of 36%.
Are you familiar with the Bellacino’s Pizza franchise opportunity? Please share a comment below.
According to the Small Business Administration, Bellacino’s Pizza franchisees received 27 SBA-guaranteed loans since 2001; 36% of those loans have been defaulted on by Bellacino’s Pizza franchise owners.
Despite the franchise failures in the Bellacino’s Pizza franchise program, Bellacino’s Pizza continues to solicit franchisees on its website.
What the Bellacino’s Pizza franchise marketing page doesn’t disclose is that it’s likely that Bellacino’s Pizza franchise owners who received SBA loans may have collateralized their franchise loan with their houses or other personal assets, and 36% were unable to repay those franchise loans… despite serious incentive to do so.
Are you familiar with the Bellacino’s Pizza franchise opportunity?
What do you think accounts for the SBA loan failure rate of Bellacino’s Pizza franchise owners?
What steps should Bellacino’s Pizza be taking to stop further franchise failures?
Has Bellacino’s Pizza taken serious action to address the problems that led to the 36% loan failures?
Please share a comment, opinion or insight below.
ARE YOU A BELLACINO’S PIZZA FRANCHISE OWNER OR FORMER BELLACINO’S PIZZA FRANCHISEE? ARE YOU FAMILIAR WITH THE BELLACINO’S PIZZA FRANCHISE OPPORTUNITY? PLEASE SHARE A COMMENT BELOW.
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I was an owner of a Bellacinos Franchise and had to close due to there misguidance and failure to help in any way. They talked us into to a bad location and did nothing to held once we got there. Alan