Powered by LevrNAICS 114111: Finfish fishing
NAICS 114111 is the industry code for finfish fishing. Use it on loan applications, tax forms and registrations. Explore financing for agriculture and start your application when you are ready.
What 114111 covers
Businesses classified here catch finfish at sea or in lakes and rivers for sale, such as tuna, cod, salmon, pollock and halibut. Processing on board a factory ship is still fishing if catching is the main activity.
Included in this code
- Commercial finfish fishing
- Tuna and salmon fishing
- Groundfish trawling
- Longline fishing
- Fishing with factory processing on board
Not this code
- Shellfish fishing: see 114112 Shellfish fishing
- Fish farming: see 112511 Finfish farming and fish hatcheries
- Charter fishing trips: see 487210 Scenic and sightseeing transportation, water
Businesses that use 114111
Financing for this trade
Fishing businesses use vessel loans, equipment loans for gear and electronics, and working capital lines through the season. Lenders look at permits and quota, vessel survey and condition and catch history.
Apply for funding with AIIs 114111 the right code for a commercial fishing business?
Yes, if your business catches finfish in the wild for sale. The code for shellfish fishing is 114112. 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 114111?
The SBA size standard for 114111 is $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 commercial fishermen use?
Fishing businesses use vessel loans, equipment loans for gear and electronics, and working capital lines through the season. Lenders look at permits and quota, vessel survey and condition and catch history. Lenders that already fund this trade move faster because they know how to read its cash cycle.
What does NAICS 114111 cover?
Finfish fishing. Industry level code in NAICS 2022, under 11 Agriculture, forestry, fishing and hunting, 114 Fishing, hunting and trapping, 1141 Fishing, 11411 Fishing.
What financing do NAICS 114111 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 114111?
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.