How much do lenders finance for a Rita's Real Italian Water Ice franchise?

The median SBA loan approved for a Rita's Real Italian Water Ice franchise is $180,000, with the middle 80% of loans between $35,000 and $350,000. That is the financed portion only - it excludes the buyer's equity injection, which SBA lenders typically require at 10% or more of total project cost for a business acquisition or new franchise unit.

Which lenders finance Rita's Real Italian Water Ice franchises?

By dollars approved, the most active SBA lenders for Rita's Real Italian Water Ice have been Truist Bank, Banc of California, SandT Bank, Fulton Bank. Many franchise brands also maintain their own lists of preferred lenders, which may differ from who has historically approved the most volume.

How long are Rita's Real Italian Water Ice SBA loans?

The median term is 10 yr. SBA 7(a) terms run up to 10 years for working capital and equipment, and up to 25 years when the loan is secured by real estate - so a longer median usually means the loans included property.

Franchise financing

Financing a Rita's Real Italian Water Ice franchise

SBA lenders have approved 25 loans against the Rita's Real Italian Water Ice brand since FY2010, totalling $5.1M. The median approval was $180,000. These are loans that actually closed - not projections from a disclosure document.

Rank by loan count

#833

of 1,651 brands

Loans approved

FY2010 onward

Median loan

$180,000

Typical range

$35K-$350K

Middle 80% of loans

Median term

10 yr

Charge-off rate

Cohort too small

Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.

Lenders

Who financed Rita's Real Italian Water Ice

Lender	Loans	Approved
Truist Bank	4	$887K
Banc of California	1	$640K
SandT Bank	2	$500K
Fulton Bank	2	$330K
Cornerstone Bank	1	$325K
Shoreham Bank	2	$310K
First Commonwealth Bank	2	$308K
First-Citizens Bank & Trust Company	1	$284K

Geography

Where Rita's Real Italian Water Ice units were financed

State	Loans	Share
Pennsylvania	10
New Jersey	5
Maryland	4
Florida	1
South Carolina	1
North Carolina	1
New York	1
Texas	1

Approvals by fiscal year

’10

’11

’12

’13

Loan count by fiscal year - a rough proxy for how fast the brand was opening units. Final bar is a partial year.

Loan sizes

Under $50K
16%
$50K - $150K
12%
$150K - $350K
60%
$350K - $1M
12%

Financing a Rita's Real Italian Water Ice: common questions

How much do lenders finance for a Rita's Real Italian Water Ice franchise?: The median SBA loan approved for a Rita's Real Italian Water Ice franchise is $180,000, with the middle 80% of loans between $35,000 and $350,000. That is the financed portion only - it excludes the buyer's equity injection, which SBA lenders typically require at 10% or more of total project cost for a business acquisition or new franchise unit.
Which lenders finance Rita's Real Italian Water Ice franchises?: By dollars approved, the most active SBA lenders for Rita's Real Italian Water Ice have been Truist Bank, Banc of California, SandT Bank, Fulton Bank. Many franchise brands also maintain their own lists of preferred lenders, which may differ from who has historically approved the most volume.
How long are Rita's Real Italian Water Ice SBA loans?: The median term is 10 yr. SBA 7(a) terms run up to 10 years for working capital and equipment, and up to 25 years when the loan is secured by real estate - so a longer median usually means the loans included property.

Compare other brands

Median loan size and charge-off rate across every franchise in the SBA record.

How SBA 7(a) works

The programme most franchise buyers use, explained end to end.

Buying a franchise with an SBA loan

Equity injection, the franchise directory, and what lenders check.

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