How Much Can Footwear Merchant Wholesalers Businesses Get in SBA Loans?
413 SBA loans totaling $210.7M have been approved for footwear merchant wholesalers businesses (NAICS 424340). The average approved SBA loan is $510K, which is 50% above avg the $340K national average. 106 active lenders fund this industry with a 29.3% default rate on the matured 2018-2021 loan cohort.
At 29.3%, Footwear Merchant Wholesalers 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 424340 (Footwear Merchant Wholesalers) received 413 SBA loans worth $210.7M across 5+ states. Average loan $510K, average term 115 months, 29.3% default rate (resolved-loan basis).106 active SBA-approved lenders fund this industry. Most footwear merchant wholesalers loans use the SBA 504 program. There are approximately 1,188 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Footwear Merchant Wholesalers?+100% growth
Which SBA Program Do Footwear Merchant Wholesalers Businesses Use Most?
What Is the Best SBA Loan for Footwear Merchant Wholesalers?
12% of footwear merchant wholesalers loans use this program — ideal for real estate and major equipment purchases
Where Are Footwear Merchant Wholesalers SBA Loans Most Common?
Top SBA Lenders for Footwear Merchant Wholesalers
These banks have funded the most SBA loans for footwear merchant wholesalers businesses (NAICS 424340). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | Bank of America, National Association(NC) | 55 | $3.7M |
| 2 | JPMorgan Chase Bank, National Association(OH) | 31 | $4.2M |
| 3 | Wells Fargo Bank National Association(SD) | 27 | $12.9M |
| 4 | TD Bank, National Association(DE) | 20 | $1.9M |
| 5 | Bank of Hope(CA) | 17 | $10.8M |
Footwear Merchant Wholesalers Industry Context
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How Does SBA Lending Work for Footwear Merchant Wholesalers Businesses?
Across all SBA loan programs, 413 loans have been approved for businesses classified under NAICS 424340 (Footwear Merchant Wholesalers), representing $210.7M in total capital deployed. The average approved loan of $510K is 50% above avg the national SBA average of $340K, with typical repayment terms of 115 months.
SBA lending for footwear merchant wholesalers is accelerating — loan volume has grown approximately 100% over recent fiscal years. This upward trajectory suggests expanding access to capital and growing lender confidence in this sector. Peak activity occurred in FY2018.
The industry sees a balanced mix of SBA programs, with 12% of loans using the 504 program for fixed asset acquisition and the majority using 7(a) for its flexibility across working capital, equipment, and business acquisition uses. SBA 7(a) loans offer up to $5M with terms up to 25 years for real estate.
PeerSense specializes in matching footwear merchant wholesalers 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 Merchant Wholesalers SBA Loans
What is the average SBA loan size for footwear merchant wholesalers businesses?
Which SBA loan program is best for a footwear merchant wholesalers business?
How many lenders fund SBA loans for footwear merchant wholesalers?
What states have the most SBA lending for footwear merchant wholesalers?
How does PeerSense help footwear merchant wholesalers businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Footwear Merchant Wholesalers defined by NAICS code 424340. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.