How much do SBA lenders typically lend to a footwear and leather goods repair business?

The median SBA approval in NAICS 811430 is $50,000, with the middle 80% of loans between $10,000 and $272,000. Across all industries the median is $180,000.

Which lenders are most active in footwear and leather goods repair?

By dollars approved: Texas Capital Bank, Bank of America, VelocitySBA, LLC, The Huntington National Bank, Mortgage Capital 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 footwear and leather goods repair considered a risky industry by SBA lenders?

Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 13.7% 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 811430 · Other Services

SBA loans for footwear and leather goods repair

95 SBA loans worth $16.4M have been approved in this industry since FY2010 - the #702 most-financed NAICS code in the country.

Median loan

$50,000

-72% vs all industries

Typical range

$10K-$272K

Middle 80%

Median rate

7.50%

7(a) initial note rate

Median term

8.8 yr

Charge-off rate

13.7%

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
Texas Capital Bank	1	$4.8M
Bank of America	1	$2.0M
VelocitySBA, LLC	2	$1.7M
The Huntington National Bank	4	$1.1M
Mortgage Capital Development Corporation	1	$627K
Newtek Small Business Finance, Inc.	2	$554K
United Midwest Savings Bank	4	$475K
Eastern Bank	10	$391K
Regional Development Funding Corporation	1	$325K
East West Bank	1	$323K

Geography

Where these loans were made

State	Loans	Share
Massachusetts	11
New York	11
California	9
Illinois	6
Michigan	5
Texas	4
Pennsylvania	4
Utah	4

Approvals by fiscal year

’10

’11

’12

’13

’14

’15

’16

’17

’18

’19

’20

’21

’22

’23

’24

’25

’26

Loan count. Final bar is a partial fiscal year.

Loan sizes

Under $50K
44%
$50K - $150K
36%
$150K - $350K
14%
$350K - $1M
3%
$1M - $2M
1%
Over $2M
2%

Nearby

Other other services industries

See the sector

General Automotive Repair16,083 · $190,000 Beauty Salons14,068 · $85,000 Other Personal Care Services7,830 · $175,000 All Other Personal Services7,488 · $144,000 Pet Care (except Veterinary) Services6,530 · $195,850 Car Washes5,876 · $773,000 Automotive Body, Paint, and Interior Repair and Maintenance5,872 · $240,000 Drycleaning and Laundry Services3,976 · $200,000

Common questions

How much do SBA lenders typically lend to a footwear and leather goods repair business?: The median SBA approval in NAICS 811430 is $50,000, with the middle 80% of loans between $10,000 and $272,000. Across all industries the median is $180,000.
Which lenders are most active in footwear and leather goods repair?: By dollars approved: Texas Capital Bank, Bank of America, VelocitySBA, LLC, The Huntington National Bank, Mortgage Capital 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 footwear and leather goods repair considered a risky industry by SBA lenders?: Of FY2010-FY2019 approvals in this industry that have reached a terminal status, 13.7% 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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