The Mr. Transmission franchise has an alarmingly high SBA loan default rate of 65%
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That means that Mr. Transmission franchise owners, some of whom may have collateralized their franchise loan with their house or other personal assets, were unable to repay their loans 56% of the time.
In addition, Entrepreneur reports that the total number of Mr. Transmission franchises has declined from 136 in 2008 to 102 in 2012, a decline of 25%.
The Mr. Transmission Franchise has an alarmingly high failure rate of 65% for SBA-backed franchise loans
Are you familiar with the Mr. Transmission franchise opportunity?
What do you think accounts for the high SBA loan failure rates of Mr. Transmission franchise owners?
What steps should Mr. Transmission be taking to stop further franchise failures?
Please share a comment, opinion or insight below.
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