How Much Can Footwear and Leather Goods Repair Businesses Get in SBA Loans?
249 SBA loans totaling $22.8M have been approved for footwear and leather goods repair businesses (NAICS 811430). The average approved SBA loan is $92K, which is 73% below avg the $340K national average. 86 active lenders fund this industry with a 28.5% default rate on the matured 2018-2021 loan cohort.
At 28.5%, Footwear and Leather Goods Repair sits well above the 15.4% all-industry SBA default rate (charged-off as a share of resolved loans) — elevated default risk relative to other SBA industries. Lenders price this risk into rate and structure, which is why matching the file to the right lender matters.
NAICS 811430 (Footwear and Leather Goods Repair) received 249 SBA loans worth $22.8M across 5+ states. Average loan $92K, average term 86 months, 28.5% default rate (resolved-loan basis).86 active SBA-approved lenders fund this industry. Most footwear and leather goods repair loans use the SBA 7(a) program. There are approximately 720 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Footwear and Leather Goods Repair?+167% growth
Which SBA Program Do Footwear and Leather Goods Repair Businesses Use Most?
What Is the Best SBA Loan for Footwear and Leather Goods Repair?
The most widely used SBA program for footwear and leather goods repair businesses — flexible terms, multiple use cases
Where Are Footwear and Leather Goods Repair SBA Loans Most Common?
Top SBA Lenders for Footwear and Leather Goods Repair
These banks have funded the most SBA loans for footwear and leather goods repair businesses (NAICS 811430). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | Bank of America, National Association(NC) | 24 | $2.5M |
| 2 | Bank of Hope(CA) | 22 | $524K |
| 3 | Citizens Bank, National Association(RI) | 17 | $381K |
| 4 | Wells Fargo Bank National Association(SD) | 11 | $316K |
| 5 | JPMorgan Chase Bank, National Association(OH) | 11 | $375K |
Footwear and Leather Goods Repair Industry Context
Ready to Fund Your Footwear and Leather Goods Repair Business?
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How Does SBA Lending Work for Footwear and Leather Goods Repair Businesses?
Across all SBA loan programs, 249 loans have been approved for businesses classified under NAICS 811430 (Footwear and Leather Goods Repair), representing $22.8M in total capital deployed. The average approved loan of $92K is 73% below avg the national SBA average of $340K, with typical repayment terms of 86 months.
SBA lending for footwear and leather goods repair is accelerating — loan volume has grown approximately 167% over recent fiscal years. This upward trajectory suggests expanding access to capital and growing lender confidence in this sector. Peak activity occurred in FY2016.
The overwhelming majority of SBA lending for footwear and leather goods repair uses the 7(a) program, which provides the most flexibility — covering working capital, equipment purchases, partner buyouts, debt refinancing, and business acquisitions up to $5M with terms up to 25 years.
PeerSense specializes in matching footwear and leather goods repair business owners with the capital sources most likely to approve their specific deal structure. As an advisory firm (not a lender), we structure your deal across our network of 500+ SBA-approved lenders to find the best terms — our referral fee is established upfront and paid at closing. No retainers.
Frequently Asked Questions — Footwear and Leather Goods Repair SBA Loans
What is the average SBA loan size for footwear and leather goods repair businesses?
Which SBA loan program is best for a footwear and leather goods repair business?
How many lenders fund SBA loans for footwear and leather goods repair?
What states have the most SBA lending for footwear and leather goods repair?
How does PeerSense help footwear and leather goods repair businesses get SBA loans?
Related Other Services Industries
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Car Washes
All Other Personal Services
Data aggregated from SBA loan records (1992–2025). Footwear and Leather Goods Repair defined by NAICS code 811430. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.