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Buying an Elderly Home Care Franchise SBA Loan Default Rates

Charles Internicola

by Charles Internicola
National Business and Franchise Lawyer

Date: 06/06/2012 | Category: Buy a Franchise | No comments

Statistics to Consider When Buying an Elderly Home Care Franchise

The services of an elderly home care franchise offer the elderly and their families with an alternative choice to a nursing home.  Prior to buying an elderly home care franchise it is important to determine what type of services you want your franchise to offer and to research the franchise to determine if the franchise is the right fit for you. One thing to consider during the franchise selection process is the franchise Small Business Administration (SBA) default rate. The SBA default rate can give you an idea of how many franchisees in the past have defaulted on their loans.

Below is a list of the loan default percentages for a few elderly home care franchises as of late 2011:

Franchise Brand
Default Percentage
Right at Home
15.38%
Visiting Angels
5.88%
Home Instead Senior Care
4.00%
Home Helpers
0.00%

What to Consider When Buying an Elderly Home Care Franchise

When moving forward with making a decision as to which elderly home care franchise is right for you it is important to make sure you conduct thorough due diligence. This includes speaking to current and former franchisees‚ asking questions and researching the franchisor‚ and having the disclosure documents and franchise agreement evaluated.

Resources Offered by The Internicola Law Firm‚ P.C. When Buying an Elderly Home Care Franchise

Services and Programs: FDD Franchise Review Services and Protection Program

Video: Buying a Franchise University Video Series

Article: 6 Steps to Buying a Franchise

Book: An Entrepreneurs Guide to Purchasing a Business or Franchise

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