Rita's Ice-Custard-Happiness Franchise Failure Rate
SBA 7(a) loan default data, FY2010–FY2019 · Updated 2026
Rita's Ice-Custard-Happiness franchisees defaulted on 10.5% of SBA 7(a) loans between FY2010 and FY2019 — 9 of 86 loans were charged off — according to U.S. Small Business Administration data. That is roughly in line with the Snack and Nonalcoholic Beverage Bars industry average of 10.1%.
- 10.5%SBA default rate9 of 86 loans
- 86loans resolvedapproved FY2010–FY2019
- 10.1%Snack and Nonalcoholic Beverage Bars averageall SBA loans in the industry
- 11th lowestindustry rankof 20 Snack and Nonalcoholic Beverage Bars brands
| SBA default rate | 10.5% |
|---|---|
| Loans approved | 86 |
| Loans charged off | 9 |
| Date range | FY2010–FY2019 |
| Industry | Snack and Nonalcoholic Beverage Bars |
| Industry average | 10.1% |
| Data source | U.S. SBA 7(a) FOIA loan data |
Most SBA default figures published online use loans approved since 2020 — loans that have had six years or less to fail — so those rates are floors, not outcomes. Every rate on this site is computed from the matured FY2010–FY2019 cohort: loans that have been paid in full or charged off, so the result is settled. Loans approved since 2020 are shown as counts so early charge-offs are visible without being mistaken for a rate.
Source: U.S. SBA FOIA dataset, statuses as of June 30, 2026. Figures also in the comparison table below.
About 1 in 10 Rita's Ice-Custard-Happiness SBA borrowers failed to repay — in line with the Snack and Nonalcoholic Beverage Bars average of 10.1%.
What is the Rita's Ice-Custard-Happiness franchise failure rate on SBA loans?
Rita's Ice-Custard-Happiness is a Snack and Nonalcoholic Beverage Bars franchise. This page reports the outcome of every SBA 7(a) loan the U.S. Small Business Administration's public FOIA file attributes to Rita's Ice-Custard-Happiness franchisees: 86 loans approved between fiscal 2010 and 2019, of which 9 were charged off. Loan statuses are as of June 30, 2026, and the cohort has matured, so these are settled outcomes rather than projections.
- SBA 7(a) loans approved FY2010–FY201986
- Charged off9
- Charge-off rate10.5%
- Snack and Nonalcoholic Beverage Bars franchise benchmark10.1%
- Brand vs industry1.0x
- All-franchise SBA benchmark10.2%
- Average loan size, 2010s cohort$206,497
- New SBA loans since 202080
- Early charge-offs since 20200
How does Rita's Ice-Custard-Happiness compare with other Snack and Nonalcoholic Beverage Bars franchises?
The table sets Rita's Ice-Custard-Happiness's charge-off rate beside its Snack and Nonalcoholic Beverage Bars peers and the two economy-wide benchmarks. All figures use the same cohort — SBA 7(a) loans approved FY2010–FY2019, statuses as of June 30, 2026 — and the same denominator of resolved loans, so they are directly comparable.
| Measure | Rita's Ice-Custard-Happiness | Snack and Nonalcoholic Beverage Bars | All franchises | All SBA borrowers |
|---|---|---|---|---|
| Default (charge-off) rate | 10.5% | 10.1% | 10.2% | 8.0% |
| Loans in sample | 86 | — | — | — |
| Defaults | 9 | — | — | — |
| Average loan size | $206,497 | — | — | — |
What has Rita's Ice-Custard-Happiness SBA lending looked like since 2020?
Since 2020, Rita's Ice-Custard-Happiness franchisees have taken 80 new SBA 7(a) loans. None have charged off to date, though most remain outstanding and unresolved.
Loans approved since 2020, by fiscal year — counts only: 0 have charged off to date and most are still outstanding, so no rate is drawn.
Source: U.S. SBA FOIA dataset, statuses as of June 30, 2026.
Show the numbers behind this chart
| Fiscal year | Loans | Charged off | Rate |
|---|---|---|---|
| FY2010 | 5 | 0 | 0.0% |
| FY2011 | 8 | 1 | 12.5% |
| FY2012 | 2 | 0 | 0.0% |
| FY2013 | 5 | 0 | 0.0% |
| FY2014 | 11 | 0 | 0.0% |
| FY2015 | 18 | 1 | 5.6% |
| FY2016 | 15 | 3 | 20.0% |
| FY2017 | 7 | 1 | 14.3% |
| FY2018 | 12 | 2 | 16.7% |
| FY2019 | 3 | 1 | 33.3% |
| FY2020 | 10 | — | outstanding |
| FY2021 | 3 | — | outstanding |
| FY2022 | 14 | — | outstanding |
| FY2023 | 20 | — | outstanding |
| FY2024 | 13 | — | outstanding |
| FY2025 | 16 | — | outstanding |
| FY2026 | 4 | — | outstanding |
How to read this
A charge-off means a franchisee borrowed, operated, and failed severely enough that the SBA wrote off the government-guaranteed loan. Unlike franchisor marketing or Item 19 disclosures, this is an observed outcome recorded by a federal agency. One caveat cuts the other way: SBA borrowers are typically less capitalized than all-cash buyers, so these rates can overstate risk for well-funded operators.
How reliable is this number?
Rita's Ice-Custard-Happiness's figure rests on 86 resolved SBA 7(a) loans approved between fiscal 2010 and 2019. That cohort has matured, so the rate is a settled outcome, not a projection. With 86 resolved loans, one default moves the rate by about 1.2 percentage points. Loans approved since 2020 are excluded from the rate because most are still outstanding; they appear on this page as counts only. Every Rita's Ice-Custard-Happiness figure is recomputed from the public SBA FOIA file on each rebuild.
Based on 86 resolved loans — directional, not precise.
Is Rita's Ice-Custard-Happiness in financial trouble? What the SBA data shows
Rita's Ice-Custard-Happiness's SBA 7(a) default rate was 10.5% for loans approved FY2010–FY2019 (9 of 86 loans charged off) — 11th lowest of 20 Snack and Nonalcoholic Beverage Bars brands tracked here. A default rate close to the Snack and Nonalcoholic Beverage Bars average of 10.1% is, on its own, neither a warning sign nor a reassurance.
Frequently asked
- What is Rita's Ice-Custard-Happiness's franchise failure rate?
- Rita's Ice-Custard-Happiness franchisees defaulted on 10.5% of SBA 7(a) loans between FY2010 and FY2019 — 9 of 86 loans were charged off — according to U.S. Small Business Administration data. That is roughly in line with the Snack and Nonalcoholic Beverage Bars industry average of 10.1%.
- How does Rita's Ice-Custard-Happiness compare to other Snack and Nonalcoholic Beverage Bars franchises?
- Rita's Ice-Custard-Happiness's 10.5% SBA default rate is roughly in line with the Snack and Nonalcoholic Beverage Bars industry average of 10.1%. See every Snack and Nonalcoholic Beverage Bars franchise ranked on the Snack and Nonalcoholic Beverage Bars industry page. Snack and Nonalcoholic Beverage Bars franchises →
- What does 'SBA default rate' mean?
- An SBA default rate is the share of SBA 7(a) loans, approved FY2010–FY2019 and since resolved (paid in full or charged off), that were charged off — written off after the borrower failed to repay. It is not a measure of unit closures.
Source
Source: U.S. Small Business Administration, 7(a) loan program charge-off data, FY2010–FY2019. Franchise data is matched on the SBA's franchise code / brand name. "Failure rate" here means the share of approved loans (resolved: paid in full or charged off) that were charged off; it is not a measure of unit closures. Last updated September 30, 2026.
Every brand in one table, with percentiles and breakdowns by year, industry and loan size: franchise SBA default rates, all 415 brands.
Cite this page
Franchise Default Rates (2026). Rita's Ice-Custard-Happiness franchise SBA 7(a) default rate, FY2010–FY2019 cohort: 10.5% (9 of 86 loans charged off). Derived from U.S. SBA FOIA data, loan statuses as of June 30, 2026.
https://franchisefailurerates.com/franchise/ritas-ice-custard-happiness/ · Data & methodology · Download the dataset (CSV)