How much do lenders finance for a Red Wing Shoes franchise?

The median SBA loan approved for a Red Wing Shoes franchise is $147,500, with the middle 80% of loans between $50,000 and $337,000. 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 Red Wing Shoes franchises?

By dollars approved, the most active SBA lenders for Red Wing Shoes have been Stearns Bank, First Mid Bank & Trust, PNC Bank, Bank of Bozeman. 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 Red Wing Shoes SBA loans?

The median term is 7 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 Red Wing Shoes franchise

SBA lenders have approved 18 loans against the Red Wing Shoes brand since FY2010, totalling $3.1M. The median approval was $147,500. These are loans that actually closed - not projections from a disclosure document.

Rank by loan count

#1042

of 1,651 brands

Loans approved

FY2010 onward

Median loan

$147,500

Typical range

$50K-$337K

Middle 80% of loans

Median term

7 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 Red Wing Shoes

Lender	Loans	Approved
Stearns Bank	3	$717K
First Mid Bank & Trust	1	$461K
PNC Bank	1	$375K
Bank of Bozeman	2	$263K
Wells Fargo Bank	1	$233K
Citizens Bank	1	$230K
Truist Bank	1	$230K
Zions Bank, A Division of	1	$165K

Geography

Where Red Wing Shoes units were financed

State	Loans	Share
Wisconsin	4
Texas	2
Montana	2
Illinois	1
New York	1
Minnesota	1
Alabama	1
Nevada	1

Approvals by fiscal year

’12

’14

’15

’16

’17

’18

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
6%
$50K - $150K
44%
$150K - $350K
39%
$350K - $1M
11%

Financing a Red Wing Shoes: common questions

How much do lenders finance for a Red Wing Shoes franchise?: The median SBA loan approved for a Red Wing Shoes franchise is $147,500, with the middle 80% of loans between $50,000 and $337,000. 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 Red Wing Shoes franchises?: By dollars approved, the most active SBA lenders for Red Wing Shoes have been Stearns Bank, First Mid Bank & Trust, PNC Bank, Bank of Bozeman. 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 Red Wing Shoes SBA loans?: The median term is 7 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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