How Much Can Luggage and Leather Goods Stores Businesses Get in SBA Loans?
308 SBA loans totaling $33.6M have been approved for luggage and leather goods stores businesses (NAICS 448320). The average approved SBA loan is $109K, which is 68% below avg the $340K national average. 108 active lenders fund this industry with a 23.9% default rate on the matured 2018-2021 loan cohort.
At 23.9%, Luggage and Leather Goods Stores 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 448320 (Luggage and Leather Goods Stores) received 308 SBA loans worth $33.6M across 5+ states. Average loan $109K, average term 81 months, 23.9% default rate (resolved-loan basis).108 active SBA-approved lenders fund this industry. Most luggage and leather goods stores loans use the SBA 7(a) program. There are approximately 786 U.S. establishments in this industry (Census 2022).
Is SBA Lending Growing for Luggage and Leather Goods Stores?-71% decline
Which SBA Program Do Luggage and Leather Goods Stores Businesses Use Most?
What Is the Best SBA Loan for Luggage and Leather Goods Stores?
The most widely used SBA program for luggage and leather goods stores businesses — flexible terms, multiple use cases
Where Are Luggage and Leather Goods Stores SBA Loans Most Common?
Top SBA Lenders for Luggage and Leather Goods Stores
These banks have funded the most SBA loans for luggage and leather goods stores businesses (NAICS 448320). PeerSense routes deals to lenders with proven appetite in your industry.
| # | Lender | Loans | Volume |
|---|---|---|---|
| 1 | Wells Fargo Bank National Association(SD) | 29 | $1.7M |
| 2 | Bank of America, National Association(NC) | 27 | $1.4M |
| 3 | JPMorgan Chase Bank, National Association(OH) | 24 | $3.0M |
| 4 | Bank of Hope(CA) | 13 | $1.3M |
| 5 | U.S. Bank, National Association(OH) | 10 | $415K |
Luggage and Leather Goods Stores Industry Context
Ready to Fund Your Luggage and Leather Goods Stores Business?
PeerSense places SBA loans for luggage and leather goods stores businesses nationwide. We match you with the right capital source — no retainers, referral fee at closing.
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How Does SBA Lending Work for Luggage and Leather Goods Stores Businesses?
Across all SBA loan programs, 308 loans have been approved for businesses classified under NAICS 448320 (Luggage and Leather Goods Stores), representing $33.6M in total capital deployed. The average approved loan of $109K is 68% below avg the national SBA average of $340K, with typical repayment terms of 81 months.
SBA lending for luggage and leather goods stores has contracted approximately 71% over recent fiscal years. This shift may reflect changing market conditions, industry consolidation, or tightening credit standards in this sector. However, 108 lenders remain active, maintaining competitive options for qualified borrowers.
The overwhelming majority of SBA lending for luggage and leather goods stores 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 luggage and leather goods stores 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 — Luggage and Leather Goods Stores SBA Loans
What is the average SBA loan size for luggage and leather goods stores businesses?
Which SBA loan program is best for a luggage and leather goods stores business?
How many lenders fund SBA loans for luggage and leather goods stores?
What states have the most SBA lending for luggage and leather goods stores?
How does PeerSense help luggage and leather goods stores businesses get SBA loans?
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Data aggregated from SBA loan records (1992–2025). Luggage and Leather Goods Stores defined by NAICS code 448320. Not financial advice. PeerSense is a capital advisory firm, not a lender. Consult a lending professional before making financial decisions.