Powered by LevrNAICS 111991: Sugar beet farming
NAICS 111991 is the industry code for sugar beet farming. Use it on loan applications, tax forms and registrations. Explore financing for agriculture and start your application when you are ready.
What 111991 covers
Farms classified here grow sugar beets, almost always under contract with a beet sugar processor or cooperative.
Included in this code
- Sugar beet farming
- Sugar beet seed production
- Contract beet growing for cooperatives
Not this code
- Beet sugar manufacturing: see 311313 Beet sugar manufacturing
- Table beets grown as a vegetable: see 111219 Other vegetable (except potato) and melon farming
Businesses that use 111991
Financing for this trade
Sugar beet growers use seasonal operating lines, equipment loans for beet harvesters, defoliators and trucks, and farm real estate loans. Lenders look at cooperative shares and processing contracts, which give unusually steady payments.
Apply for funding with AIIs 111991 the right code for a sugar beet farm?
Yes, if your business grows sugar beets for a sugar processor. The code for beet sugar manufacturing is 311313. Pick the code that matches the activity earning most of your revenue, and use that same code on your tax return, loan applications and SBA forms so lenders see one consistent picture.
What is the SBA size standard for 111991?
The SBA size standard for 111991 is $2.5 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 sugar beet growers use?
Sugar beet growers use seasonal operating lines, equipment loans for beet harvesters, defoliators and trucks, and farm real estate loans. Lenders look at cooperative shares and processing contracts, which give unusually steady payments. Lenders that already fund this trade move faster because they know how to read its cash cycle.
What does NAICS 111991 cover?
Sugar beet farming. Industry level code in NAICS 2022, under 11 Agriculture, forestry, fishing and hunting, 111 Crop production, 1119 Other crop farming, 11199 All other crop farming.
What financing do NAICS 111991 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 111991?
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.