SBA lending record
Happy Thoughts Inc.
1120 Metropolitan Ave, Summerville, SC 29486 · Limited-Service Restaurants. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$449K
Total SBA financing
1
Loan on record
FY2025
On record
10
Jobs supported
Franchise brand
Rita's Ice-Custard-Happiness
See Rita's Ice-Custard-Happiness's SBA financing data — typical deal, failure rate, and how its loans perform →
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The loan
$449,000 — FY2025
- Gross approval
- $449,000
- SBA guaranteed
- $336,750 (75%)
- Status
- Current
- Rate at approval
- 10.5% v
- Term
- 123 mo (10 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 12/3/2024
- First disbursement
- 12/30/2024
- Days to fund
- 27 days
- Collateral
- Required
- Sold on secondary market
- Yes
- Jobs supported
- 10
- Business type
- Corporation
- Business age
- Unanswered
- Industry
- Limited-Service Restaurants
- NAICS code
- 722513
- Franchise
- Rita's Ice-Custard-Happiness
- Franchise code
- S1435
- Lender
- Magnifi Financial CU
- Address
- 1120 Metropolitan Ave
- City
- Summerville, 29486
- County
- Dorchester
- SBA district office
- SOUTH CAROLINA DISTRICT OFFICE
- Congressional district
- 1
The lender
Find SBA lenders for businesses like this
The banks most active funding limited-service restaurants — by location, industry, and brand.
Other Rita's Ice-Custard-Happiness locations
Other Rita's Ice-Custard-Happiness businesses in the public SBA record — closest first, by location and deal size.
Reichard Enterprises LLC
Easley, SC
Rita's Ice-Custard-Happiness
- $616K
- SBA financing
- ≈ $1.2M–$2.0M
- Est. revenue (rough)
KOD Ice LLC
Passaic, NJ
Rita's Ice-Custard-Happiness
- $486K
- SBA financing
- ≈ $953K–$1.6M
- Est. revenue (rough)
ADDIICE L.L.C.
Round Rock, TX
Rita's Ice-Custard-Happiness
- $502K
- SBA financing
- ≈ $984K–$1.6M
- Est. revenue (rough)
GB Group LLC
Grand Rapids, MI
Rita's Ice-Custard-Happiness
- $385K
- SBA financing
- ≈ $755K–$1.3M
- Est. revenue (rough)
Rita's Ice
Fort Myers, FL
Rita's Ice-Custard-Happiness
- $350K
- SBA financing
- ≈ $686K–$1.1M
- Est. revenue (rough)
Shenn Valley Ice Treats Inc.
Harrisonburg, VA
Rita's Ice-Custard-Happiness
- $535K
- SBA financing
- ≈ $1.0M–$1.7M
- Est. revenue (rough)
Similar businesses
Comparable limited-service restaurants in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.
ICHTHYS WORLD BY J, LLC
Greenville, SC
Limited-Service Restaurants
- $450K
- SBA financing
- ≈ $882K–$1.5M
- Est. revenue (rough)
Branker Foods 7 LLC
Aiken, SC
Wingstop
- $500K
- SBA financing
- ≈ $980K–$1.6M
- Est. revenue (rough)
Taste The Flavors LLC
Orangeburg, SC
Limited-Service Restaurants
- $500K
- SBA financing
- ≈ $980K–$1.6M
- Est. revenue (rough)
Swank Desserts, LLC dba Swank Creamery
Summerville, SC
Limited-Service Restaurants
- $373K
- SBA financing
- ≈ $731K–$1.2M
- Est. revenue (rough)
FRAJILAY LLC
Charleston, SC
Limited-Service Restaurants
- $500K
- SBA financing
- ≈ $980K–$1.6M
- Est. revenue (rough)
Annapurna Pizza, LLC
Goose Creek, SC
Hungry Howie's
- $558K
- SBA financing
- ≈ $1.1M–$1.8M
- Est. revenue (rough)
Agent summary
This page summarizes the public SBA 7(a) lending record for Happy Thoughts Inc. in Summerville, SC (Limited-Service Restaurants). CapBench compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.
- 1 SBA 7(a) loan totaling $449K
- On record FY2025
- 10 jobs supported
- Industry: Limited-Service Restaurants
- Location: Summerville, SC
- Lender: Magnifi Financial CU
Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Limited-Service Restaurants businesses in SC for ~$449k deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
- Methodology:
- Sources & methodology
- Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
- Figures come from public records and CapBench methodology; verify before relying on them.
- Financing figures are historical loan records, not a current offer or a loan approval. CapBench is not a lender.
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CapBench listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with Happy Thoughts Inc..