May 24, 2016
Top 50 Best Franchises ranked by positive Small Business Administration loan repayment rates
KANSAS CITY – Goodcents Deli Fresh Subs has been named one of the Top 50 Best Franchises by FitSmallBusiness.com. The new report ranks franchises based on Small Business Administration (SBA) 7(a) loan repayment rates over a 16 year period from 2000 – 2016.
The SBA loan repayment success rates in the report were calculated by dividing the number of Paid in Full loans for each franchise by the total number of loans for each franchise (not including currently outstanding loans). Goodcents ranks #49 on the list with a 76.47 percent repayment rate.
As Priyanka Prakash from FitSmallBusiness.com notes, “SBA loan default rates are useful in evaluating a franchise. If a franchise defaulted on an SBA loan, it means it went out of business or didn’t generate enough profits to pay back the loan. Franchises with high success rates not only paid back their loans but were in business for multiple years.”
“We work closely with our franchisee’s to help secure and manage loans needed to help establish or expand their business,” said Scott Ford, president of Goodcents Deli Fresh Subs. “It is great to see positive results and we are proud to be recognized as a top franchise.”
Goodcents Deli Fresh Subs currently has more than 80 locations across eight states in the U.S. While the majority of its locations are in the Midwest region, including Kansas, Missouri, Nebraska, and Iowa, the company is aggressively seeking opportunities to expand in new areas.
To learn more about Goodcents Deli Fresh Subs franchising opportunities, visit https://goodcentssubs.com/franchising.