Shoe Retailers: SBA business acquisition loan data
55 SBA 7(a) loans since FY2018 financed the purchase of an existing business classified as Shoe Retailers (NAICS 458210), totaling $34.1M. Median loan $407,500, 37% lower than the all-acquisition median. Annual volume fell 65% from FY2024 to FY2026.
Seller note standby terms and third-party consents are reviewed before closing.
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Reading this industry's numbers
- Deal size. The loan excludes the buyer's equity and any seller note and may include working capital. A loan request far above $661,050 would be in the top quarter of SBA acquisition loans in this industry.
- Share of all acquisitions. This industry is 0.1% of all SBA-financed business purchases, ranking #158 of 300 industries tracked.
- Geography. Minnesota leads with 8 loans; the top five states account for 42% of the industry's acquisitions.
- Jobs. Lenders reported 523 jobs supported across these loans, about 9.5 per acquisition, a rough proxy for the size of business changing hands.
Shoe Retailers acquisitions by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 4 | $1.9M | $463,500 | |
| FY2019 | 9 | $4.6M | $245,000 | |
| FY2020 | 2 | $467K | $233,250 | |
| FY2021 | 9 | $5.2M | $356,700 | |
| FY2022 | 1 | $1.5M | $1,490,000 | |
| FY2023 | 2 | $720K | $360,000 | |
| FY2024 | 17 | $12.7M | $325,000 | |
| FY2025 | 5 | $3.7M | $672,100 | |
| FY2026 | 6 | $3.2M | $537,000 |
How often do these acquisition loans fail?
Of the 23 Shoe Retailers acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 1 have been charged off by the SBA, a rate of 4.3% by loan count and 1.8% by dollars. 12 have already been paid in full.
For comparison, the charge-off rate across all SBA 7(a) acquisition loans in the same cohort is 3.5%, so Shoe Retailers is 24% higher than the acquisition-loan average. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
Seller note standby terms and third-party consents are reviewed before closing.
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Top states
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Minnesota | 8 | 14.5% | $8.2M | |
| 2 | Florida | 5 | 9.1% | $6.3M | |
| 3 | Ohio | 4 | 7.3% | $3.6M | |
| 4 | Wisconsin | 3 | 5.5% | $1.9M | |
| 5 | New York | 3 | 5.5% | $1.1M | |
| 6 | Michigan | 3 | 5.5% | $959K | |
| 7 | Utah | 3 | 5.5% | $848K | |
| 8 | Washington | 3 | 5.5% | $364K | |
| 9 | Virginia | 2 | 3.6% | $1.1M | |
| 10 | Pennsylvania | 2 | 3.6% | $1.1M |
Most active lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 7 | 12.7% | $2.7M | |
| 2 | Farmers and Merchants Savings Bank | 3 | 5.5% | $3.2M | |
| 3 | Merchants Bank of Indiana | 3 | 5.5% | $1.6M | |
| 4 | Wells Fargo Bank National Association | 3 | 5.5% | $1.3M | |
| 5 | Live Oak Banking Company | 2 | 3.6% | $4.2M | |
| 6 | Arcadian Bank | 2 | 3.6% | $3.7M | |
| 7 | TD Bank, National Association | 2 | 3.6% | $3M | |
| 8 | United Community Bank | 2 | 3.6% | $1.8M | |
| 9 | Midwest Regional Bank | 2 | 3.6% | $1.2M | |
| 10 | Fifth Third Bank | 2 | 3.6% | $1M |
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Franchise brands in Shoe Retailers
11% of acquisition loans in this industry involved a franchised unit. Brands with the most SBA-financed resales:
| # | Brand | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Fleet Feet Sports | 5 | 83.3% | $3M |
Questions buyers ask
How much is a typical SBA loan to buy a business in Shoe Retailers?
Median $407,500 across 55 acquisition loans (FY2018 to FY2026); the middle half ran $257,500 to $661,050. That is 37% lower than the $645,250 median for all SBA-financed acquisitions.
Which lenders finance the most Shoe Retailers acquisitions?
The Huntington National Bank (7), Farmers and Merchants Savings Bank (3), Merchants Bank of Indiana (3), Wells Fargo Bank National Association (3), Live Oak Banking Company (2).
Are businesses in Shoe Retailers often franchised?
Sometimes. 11% of SBA acquisition loans in this industry financed a franchised unit. Top brands: Fleet Feet Sports.
How risky are SBA loans for buying a business in Shoe Retailers?
Of 23 seasoned loans (FY2018 to FY2021), 4.3% charged off, 24% higher than the 3.5% benchmark for all SBA acquisition loans.
What loan terms are common for Shoe Retailers acquisitions?
Median term 10 years, average initial rate 8.09% at approval (blended across years and fixed/variable structures). Terms longer than 10 years usually indicate real estate was included in the purchase.
Terms signed in the LOI shape the purchase agreement that follows.
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