SBA Loans for Rita's Ice-Custard-Happiness Franchises
Who actually funds Rita's Ice-Custard-Happiness SBA 7(a) deals, and how much they lend. Sourced directly from SBA FOIA records covering every approved 7(a) loan from 2021 to 2026.
Top lenders funding Rita's Ice-Custard-Happiness SBA loans
Ranked by number of Rita's Ice-Custard-Happiness 7(a) loans approved since 2021.
| # | Lender | Loans | Total Volume | Avg Loan |
|---|---|---|---|---|
| 1 | The Huntington National Bank | 28 | $7.8M | $280K |
| 2 | TD Bank, National Association | 6 | $1.3M | $213K |
| 3 | Hanover Community Bank | 5 | $2.6M | $528K |
| 4 | Manufacturers and Traders Trust Company | 4 | $966K | $241K |
| 5 | KeyBank National Association | 3 | $594K | $198K |
| 6 | TowneBank | 2 | $532K | $266K |
| 6 | 22nd State Bank, A Division of 22nd State Banking Company | 2 | $1.9M | $970K |
| 6 | BayFirst National Bank | 2 | $593K | $296K |
| 6 | Beacon Bank and Trust | 2 | $2.8M | $1.4M |
| 6 | PNC Bank, National Association | 2 | $620K | $310K |
| 6 | Magnifi Financial CU | 2 | $566K | $283K |
| 12 | Peoples Bank & Trust | 1 | $350K | $350K |
| 12 | Readycap Lending, LLC | 1 | $255K | $255K |
| 12 | Redstone Bank | 1 | $318K | $318K |
| 12 | Stearns Bank National Association | 1 | $213K | $213K |
| 12 | Univest Bank and Trust Co | 1 | $1.4M | $1.4M |
| 12 | Valley National Bank | 1 | $486K | $486K |
| 12 | VelocitySBA, LLC | 1 | $233K | $233K |
| 12 | 1st Source Bank | 1 | $461K | $461K |
| 12 | Wilmington Savings Fund Society FSB | 1 | $270K | $270K |
| 12 | Banesco USA | 1 | $296K | $296K |
| 12 | CenTrust Bank, A Division of SmartBiz Bank National Association | 1 | $225K | $225K |
| 12 | Citizens Bank | 1 | $408K | $408K |
| 12 | Evolve Bank and Trust | 1 | $308K | $308K |
| 12 | First Bank of the Lake | 1 | $250K | $250K |
| 12 | First Internet Bank of Indiana | 1 | $899K | $899K |
| 12 | Fulton Bank, National Association | 1 | $175K | $175K |
| 12 | Newtek Bank, National Association | 1 | $350K | $350K |
| 12 | Newtek Small Business Finance, Inc. | 1 | $305K | $305K |
| 12 | OMB Bank | 1 | $459K | $459K |
Source: SBA FOIA 7(a) loan-level data, 2021 to 2026. Shows lenders with at least one approved Rita's Ice-Custard-Happiness loan in this period, ranked by loan count.
Rita's Ice-Custard-Happiness SBA loans by state
| State | Loans | Total Volume | Avg Loan |
|---|---|---|---|
| PA | 25 | $7.5M | $300K |
| FL | 10 | $4.4M | $436K |
| MD | 5 | $2.6M | $528K |
| TX | 2 | $2.5M | $1.3M |
| VA | 6 | $2.5M | $411K |
| NJ | 8 | $1.9M | $241K |
| SC | 3 | $1.4M | $473K |
| GA | 2 | $838K | $419K |
| IN | 2 | $694K | $347K |
| OH | 2 | $548K | $274K |
| NC | 2 | $515K | $258K |
| MO | 1 | $459K | $459K |
| IL | 2 | $455K | $227K |
| LA | 1 | $408K | $408K |
| MI | 2 | $385K | $193K |
Rita's Ice-Custard-Happiness SBA loans by year
How Rita's Ice-Custard-Happiness SBA loans have performed
Outcomes for every funded Rita's Ice-Custard-Happiness 7(a) loan approved since FY2010. Each SBA loan usually finances one location, so read these as an estimate of units.
Source: SBA FOIA 7(a) loan-level data. Defaulted means the SBA purchased the guaranty (charged off, or purchased and not yet charged off). Recent loans have had less time to default, and small loan counts swing widely, so one or two loans can move these percentages a lot.
SBA lender notes for Rita's Ice-Custard-Happinessfrom the SBA Franchise Directory
1. When the real estate where the franchise business is located will secure the SBA-guaranteed loan, the Lease Rider may not be executed. 2. An applicant operating under the Area Representative Agreement is not eligible for SBA financing.
How to use this
The lenders above have actually closed SBA 7(a) loans for Rita's Ice-Custard-Happiness franchisees, so they already understand the brand's model, unit economics, and franchise agreement. That familiarity usually means a faster, cleaner underwrite than a lender seeing the concept for the first time.
A lender being active historically doesn't mean they're the right fit for your deal size, location, or timing right now. That's where we come in, and we match your Rita's Ice-Custard-Happiness deal to a lender currently funding this brand.
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