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.

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

Approvals by fiscal year

’10

’11

’12

’13

’14

’15

’16

’17

’18

’19

’20

’21

’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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