The True Value franchise has a relatively high SBA franchise loan default rate of 20%. True Value is listed by the SBA among the worst franchises by SBA loan default.
Are you familiar with the True Value franchise opportunity? Please share a comment – positive or negative – below.
According to the Small Business Administration, True Value franchisees have received 111 SBA-guaranteed loans; one-fifth of those loans have been defaulted on by True Value franchise owners.
True Value member-owned cooperative and wholesale distributor of hardware, lumber and building materials. In addition, True Value Company offers other specialty franchise opportunities under such brands as Grand Rental Station, Taylor Rental Center, Party Central party supply rental franchise.
True Value has an SBA franchise loan default rate of 20%
Are you familiar with the True Value franchise opportunity?
What do you think accounts for the SBA loan failure rate of True Value franchise owners?
What steps should True Value be taking to stop further franchise failures?
Have True Value taken serious action to address the problems that led to the 20% loan failures?
Please share a comment, opinion or insight – positive or negative – below. Company rebuttals welcome.
ARE YOU A TRUE VALUE FRANCHISE OWNER OR TRUE VALUE FRANCHISEE? ARE YOU FAMILIAR WITH TRUE VALUE FRANCHISE OPPORTUNITY? PLEASE SHARE A COMMENT BELOW.
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