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NAICS 115111, industry

NAICS 115111: Cotton ginning

NAICS 115111 is the industry code for cotton ginning. Use it on loan applications, tax forms and registrations. Explore financing for agriculture and start your application when you are ready.

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What 115111 covers

Businesses classified here gin cotton, separating lint from seed for growers, and often bale and store it. Many are grower owned cooperatives.

Included in this code

  • Cotton ginning
  • Cotton baling
  • Cottonseed separation
  • Cotton module handling

Not this code

Businesses that use 115111

Cooperative cotton gin in TexasPrivate gin serving local growers

Financing for this trade

Gins use equipment loans for ginning machinery and module trucks, seasonal working capital lines through the ginning season and real estate loans. Lenders look at bale volume history, grower base and the age of the gin plant.

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Is 115111 the right code for a cotton gin?

Yes, if your business gins cotton for growers. The code for cotton farming is 111920. 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 115111?

The SBA size standard for 115111 is $16 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 gins use?

Gins use equipment loans for ginning machinery and module trucks, seasonal working capital lines through the ginning season and real estate loans. Lenders look at bale volume history, grower base and the age of the gin plant. Lenders that already fund this trade move faster because they know how to read its cash cycle.

What does NAICS 115111 cover?

Cotton ginning. Industry level code in NAICS 2022, under 11 Agriculture, forestry, fishing and hunting, 115 Support activities for agriculture and forestry, 1151 Support activities for crop production, 11511 Support activities for crop production.

What financing do NAICS 115111 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 115111?

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.