Loan Census Banking News and Information
June 4, 2023  
  Business Loan Information  

I Need a Small Business Loan to Buy a Franchise in Pittsburgh, Pennsylvania


Loan Census SBA Loan Info

Borrow Money to Buy a Rita's Real Italian Water Ice Franchise

Borrowing money to buy a Rita's Real Italian Water Ice franchise? Iron And Glass Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Pittsburgh, Pennsylvania and are interested in buying a Rita's Real Italian Water Ice franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2000 by Iron And Glass Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower


SBA Loan Lender


SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date


Loan Approval Gross Amount


Loan Approval from the SBA

Of the total $121,000 loan amount, the SBA guaranteed $90,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Rita's Real Italian Water Ice franchise. At the time of the loan, the company had 18 employees. The SBA loan documents did not indicate that the business planned to use the funding to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Many small businesses receive loans backed by the U.S. Small Business Administration.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Iron And Glass Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

How to Raise Money

SBA Approved Banks in Pittsburgh, Pennsylvania

Pennsylvania SBA Banks