New Owners Plan Site Improvements During Off-Season  

Allentown, Pa. – For the first time in a decade the Rita’s Italian Ice in Northampton will be under new ownership when it opens in the spring, thanks in large part to the Small Business Administration (SBA 7a) loan arranged by Lehigh Financial Group.

Brian and Karen Eager purchased the business franchise and the real estate at 3219 Cherryville Rd. in mid-October and plan to make a number of improvements to the property, said Lehigh Financial’s Jeff Barber.

“It’s a great destination for families and the surrounding communities and it will continue under its new owners of the business,” Barber said after the closing on the sale. “They will continue to offer more than the usual Rita’s location with miniature golf and room for parties.”

Lehigh Financial Group – which includes Barber and colleague Lewis Edwards — helps clients find and arrange financing for loans ranging from $100,000 to $5 million for purchase or refinances all types of properties.

“At a time when bank financing – especially for commercial lending – is extremely difficult to arrange, we can help cut through the red tape and encourage economic development and redevelopment throughout the region,” Barber said.

 

Lehigh Financial Group, LLC is a leading source of innovative real estate capital solutions and financing options for commercial customers. The company, based in Allentown, serves the Lehigh Valley region by providing capital for businesses and investors locally, regionally and nationwide. For more information on how Lehigh Financial Group LLC can help your business, please see our website at http://www.lehighfinancialgroup.com.