How much do SBA lenders typically lend to a luggage and leather goods stores business?

The median SBA approval in NAICS 448320 is $50,000, with the middle 80% of loans between $13,500 and $350,000. Across all industries the median is $180,000.

Which lenders are most active in luggage and leather goods stores?

By dollars approved: Dime Commercial Bank, Bank of Hope, JPMorgan Chase Bank, Capital Bank, Empire State Certified Development Corporation. A lender's experience in your NAICS code matters - underwriters who have seen a hundred deals like yours ask better questions and move faster.

Is luggage and leather goods stores considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 10.5% were charged off, versus 7.6% across all SBA lending. That is materially above average, which in practice tends to mean tighter underwriting, more collateral, or a larger equity injection.

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NAICS 448320 · Retail

SBA loans for luggage and leather goods stores

82 SBA loans worth $11.5M have been approved in this industry since FY2010 - the #739 most-financed NAICS code in the country.

Median loan

$50,000

-72% vs all industries

Typical range

$14K-$350K

Middle 80%

Median rate

6.50%

7(a) initial note rate

Median term

7 yr

Charge-off rate

10.5%

vs 7.6% all industries

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

Most active in this industry

Lender	Loans	Approved
Dime Commercial Bank	1	$1.5M
Bank of Hope	2	$1.1M
JPMorgan Chase Bank	11	$963K
Capital Bank	7	$875K
Empire State Certified Development Corporation	1	$792K
Columbia Bank	1	$698K
BayFirst National Bank	2	$600K
The Park National Bank	2	$583K
Business Finance Group, Inc.	1	$494K
Citizens Bank	1	$405K

Geography

Where these loans were made

State	Loans	Share
California	11
New York	9
Maryland	7
Ohio	6
Florida	5
New Jersey	4
Pennsylvania	4
Michigan	4

An SBA 7(a) lender for loans this size

88% of the SBA loans approved in luggage and leather goods stores since FY2010 were under $350,000. SmartBiz makes SBA 7(a) loans up to $500,000. It is shown here as a separate, labelled option, outside the data rankings on this page. You apply on their site - we do not take applications and never see your information.

Check options with SmartBiz

We may be paid if you apply through this link. It does not change what we publish, and no lender can buy a place in our rankings. Details.

Approvals by fiscal year

’10

’12

’14

’16

’18

’20

’22

Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
43%
$50K - $150K
30%
$150K - $350K
15%
$350K - $1M
10%
$1M - $2M
2%

Nearby

Other retail industries

See the sector

Gasoline Stations with Convenience Stores9,734 · $788,400 Beer, Wine, and Liquor Stores8,158 · $300,000 Supermarkets and Other Grocery Retailers7,314 · $350,000 Pharmacies and Drug Stores4,651 · $350,000 Convenience Stores4,629 · $179,100 Used Car Dealers4,422 · $227,750 Automotive Parts and Accessories Stores2,779 · $181,100 Beer, Wine, and Liquor Retailers2,760 · $500,000

Common questions

How much do SBA lenders typically lend to a luggage and leather goods stores business?: The median SBA approval in NAICS 448320 is $50,000, with the middle 80% of loans between $13,500 and $350,000. Across all industries the median is $180,000.
Which lenders are most active in luggage and leather goods stores?: By dollars approved: Dime Commercial Bank, Bank of Hope, JPMorgan Chase Bank, Capital Bank, Empire State Certified Development Corporation. A lender's experience in your NAICS code matters - underwriters who have seen a hundred deals like yours ask better questions and move faster.
Is luggage and leather goods stores considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 10.5% were charged off, versus 7.6% across all SBA lending. That is materially above average, which in practice tends to mean tighter underwriting, more collateral, or a larger equity injection.

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