Powered by LevrNAICS 111920: Cotton farming
NAICS 111920 is the industry code for cotton farming. Use it on loan applications, tax forms and registrations. Explore financing for agriculture and start your application when you are ready.
What 111920 covers
Farms classified here grow cotton for lint and seed. Ginning done by a separate business is a support activity, not farming.
Included in this code
- Cotton farming
- Upland cotton growing
- Pima cotton growing
- Cottonseed production
Not this code
- Cotton ginning: see 115111 Cotton ginning
- Cotton yarn spinning: see 313110 Fiber, yarn, and thread mills
Businesses that use 111920
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 111920 the right code for a cotton farm?
Yes, if your business grows cotton as its main crop. If your main activity is cotton ginning, use 115111 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 111920?
The SBA size standard for 111920 is $3.25 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 cotton 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 111920 cover?
Cotton farming. Industry level code in NAICS 2022, under 11 Agriculture, forestry, fishing and hunting, 111 Crop production, 1119 Other crop farming, 11192 Cotton farming.
What financing do NAICS 111920 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 111920?
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.