Powered by LevrNAICS 458320: Luggage and leather goods retailers
NAICS 458320 is the industry code for luggage and leather goods retailers. Use it on loan applications, tax forms and registrations. Explore financing for retail and start your application when you are ready.
What 458320 covers
Luggage and leather goods retailers sell suitcases, handbags, briefcases and leather accessories. Stores in airports, malls and tourist areas are common.
New code in NAICS 2022, replacing 448320.
Included in this code
- Luggage stores
- Leather goods stores
- Handbag stores
Not this code
- Clothing accessory stores: see 458110 Clothing and clothing accessories retailers
- Leather goods manufacturing: see 316990 Other leather and allied product manufacturing
- Luggage wholesale: see 423990 Other miscellaneous durable goods merchant wholesalers
Businesses that use 458320
Financing for this trade
These retailers use inventory lines and SBA loans for buildouts. Lenders look at travel seasonality and inventory turns.
Apply for funding with AIIs 458320 the right code for a luggage and leather goods store?
Yes, if you mainly sell luggage, handbags or leather goods to consumers. Clothing stores that sell some bags use 458110, and makers of leather goods use 316990. Owners in this trade most often weigh it against 458110 (clothing and clothing accessories retailers) and 316990 (other leather and allied product manufacturing). The right choice is the activity that brings in the most revenue, used the same way on tax returns and loan applications.
What is the SBA size standard for 458320?
The SBA size standard for 458320 is $38M in average annual receipts. SBA averages total gross receipts over the last five completed fiscal years and adds in any affiliates under common control. A luggage and leather goods store at or below that figure counts as small for SBA 7(a) and 504 loans and for federal small business contracts.
What financing helps a luggage or leather goods store?
A line of credit carries inventory ahead of the travel and holiday seasons, and SBA 7(a) loans fund buildouts in airports, malls or tourist districts. Lenders look at lease terms, foot traffic and inventory turnover. Businesses within the $38M SBA size standard can also use SBA 7(a) loans of up to $5 million for working capital, equipment or a buyout, and SBA 504 loans for owner occupied buildings.
What does NAICS 458320 cover?
Luggage and leather goods retailers. Industry level code in NAICS 2022, under 44-45 Retail trade, 458 Clothing, clothing accessories, shoe, and jewelry retailers, 4583 Jewelry, luggage, and leather goods retailers, 45832 Luggage and leather goods retailers.
What financing do NAICS 458320 businesses use?
Equipment financing, working capital, SBA loans and invoice factoring are the products placed most for retail businesses. Start an application and the AI matches the deal to lenders that fund this code.
Where do I put NAICS 458320?
On the SBA loan application, on federal Schedule C or Form 1120, on SAM.gov and state registrations, and on most lender applications. A business can report more than one code; use this one if it describes what produces most of your revenue.