Franchise financing
Rita's Ice-Custard-Happiness franchise financing
What it costs to finance a Rita's Ice-Custard-Happiness franchise and how buyers fund it. The real numbers: how much gets borrowed, which lenders fund it, and the track record.
By Mario Bailey · Source: SBA FOIA data, as of 2026-03-31
- SBA loans
- 173
- Total funded
- $48.6M
- Median loan
- $250K
- 7(a) charge-off
- 4.7%
What financing a Rita's Ice-Custard-Happiness franchise costs
The median SBA loan to a Rita's Ice-Custard-Happiness franchisee is $250K, and the middle half of Rita's Ice-Custard-Happiness's 173 loans run $61K to $350K (average $281K). Across all SBA-financed franchises the median loan is $350K. Rita's Ice-Custard-Happiness buyers borrow less than the typical franchisee.
These are loan amounts, not the brand's total startup cost. Buyers also put in equity (the SBA generally wants at least 10% down on a new franchise), and the brand's own investment estimate is Item 7 of its franchise disclosure document (FDD). The median Rita's Ice-Custard-Happiness loan runs 10 years. Model your numbers with the franchise financing calculator.
Of the 159 Rita's Ice-Custard-Happiness loans where the SBA recorded a business age, 68.5% went to new businesses two years old or younger. The rest funded existing operations.
How to finance Rita's Ice-Custard-Happiness
Rita's Ice-Custard-Happiness franchisees have financed with 173 SBA loans since FY2010, averaging $281K each. The 7(a) program is the usual route: it covers the franchise fee, build-out, equipment, and working capital (170 of the 173 loans). Lenders weigh your credit, management experience, and the brand's track record alongside the equity you bring.
Rita's Ice-Custard-Happiness's 7(a) charge-off rate is 4.7% across 170 loans, a relative track-record signal lenders and buyers weigh, not a guarantee. See how that compares across franchises.
Lenders that finance Rita's Ice-Custard-Happiness
By SBA loan count
Where Rita's Ice-Custard-Happiness gets funded
Top states by loan count
- 1. Pennsylvania 49
- 2. Florida 16
- 3. Maryland 16
- 4. New Jersey 22
- 5. California 15
- 6. Texas 2
- 7. Virginia 6
- 8. South Carolina 6
Financing a Rita's Ice-Custard-Happiness?
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Rita's Ice-Custard-Happiness SBA financing FAQ
How much does a Rita's Ice-Custard-Happiness franchise cost?
The public SBA data shows what buyers actually borrow, not a sticker price: the median SBA loan to a Rita's Ice-Custard-Happiness franchisee is $250K, and the middle half of Rita's Ice-Custard-Happiness's 173 loans run $61K to $350K. Total investment (including the equity you put in, generally 10% or more) is estimated in Item 7 of Rita's Ice-Custard-Happiness's franchise disclosure document.
Can you use an SBA loan for Rita's Ice-Custard-Happiness?
Yes. Lenders have funded 173 SBA loans to Rita's Ice-Custard-Happiness franchisees, worth $48.6M in all, so Rita's Ice-Custard-Happiness is regularly financed with SBA 7(a) and 504 loans.
Can a first-time owner get an SBA loan for Rita's Ice-Custard-Happiness?
The data says yes: of Rita's Ice-Custard-Happiness's 159 SBA loans that record a business age, 68.5% went to new businesses two years old or younger. Expect the lender to look harder at your experience, business plan, and equity injection.
Which lenders finance Rita's Ice-Custard-Happiness?
By loan count, the most active SBA lenders for Rita's Ice-Custard-Happiness are The Huntington National Bank, Manufacturers and Traders Trust Company, Beacon Bank and Trust, among others. A lender already active with your brand often moves faster.
What is Rita's Ice-Custard-Happiness's SBA charge-off rate?
Across Rita's Ice-Custard-Happiness's 170 SBA 7(a) loans, 4.7% have charged off. Read it as a relative track-record signal, not a prediction. It is not a lifetime default rate.
Which SBA program fits Rita's Ice-Custard-Happiness?
Mostly 7(a): 170 of Rita's Ice-Custard-Happiness's 173 SBA loans. The 7(a) program covers the franchise fee, build-out, equipment, and working capital. The median Rita's Ice-Custard-Happiness loan term is 10 years.