Powered by LevrNAICS 111130: Dry pea and bean farming
NAICS 111130 is the industry code for dry pea and bean farming. Use it on loan applications, tax forms and registrations. Explore financing for agriculture and start your application when you are ready.
What 111130 covers
Farms classified here grow dry beans, peas and lentils that are harvested dry for food or seed. Typical crops include pinto, navy and kidney beans, chickpeas, lentils and dry field peas.
Included in this code
- Dry bean farming
- Dry pea farming
- Lentil farming
- Chickpea farming
- Cowpea farming
- Dry lima bean farming
Not this code
- Green beans and green peas grown as fresh vegetables: see 111219 Other vegetable (except potato) and melon farming
- Soybean farming: see 111110 Soybean farming
Businesses that use 111130
Financing for this trade
Crop farms lean on seasonal operating lines repaid at harvest, equipment loans for tractors, planters and combines, farm real estate loans and SBA 7(a) for land and buildings. Lenders look closely at yield history, crop insurance coverage, owned versus rented acres and how exposed the farm is to commodity prices.
Apply for funding with AIIs 111130 the right code for a dry pea or bean farm?
Yes, if your business grows beans, peas or lentils that are harvested dry. If your main activity is green beans and green peas grown as fresh vegetables, use 111219 instead. Pick the code that matches the activity earning most of your revenue, and use the same code on your tax return, loan applications and SBA forms.
What is the SBA size standard for 111130?
The SBA size standard for 111130 is $2.75 million in average annual receipts. A business at or under that figure, counting affiliates, is small for SBA loans such as 7(a) and 504 and for federal contracting set asides. Receipts are averaged over the five most recently completed fiscal years.
What financing do dry bean and pulse farmers use?
Crop farms lean on seasonal operating lines repaid at harvest, equipment loans for tractors, planters and combines, farm real estate loans and SBA 7(a) for land and buildings. Lenders look closely at yield history, crop insurance coverage, owned versus rented acres and how exposed the farm is to commodity prices. Lenders that already fund this trade move faster because they know how to read its cash cycle.
What does NAICS 111130 cover?
Dry pea and bean farming. Industry level code in NAICS 2022, under 11 Agriculture, forestry, fishing and hunting, 111 Crop production, 1111 Oilseed and grain farming, 11113 Dry pea and bean farming.
What financing do NAICS 111130 businesses use?
Equipment financing, working capital, SBA loans and invoice factoring are the products placed most for agriculture businesses. Start an application and the AI matches the deal to lenders that fund this code.
Where do I put NAICS 111130?
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.