Skip to content
Log in Apply
NAICS 212115, industry

NAICS 212115: Underground coal mining

NAICS 212115 is the industry code for underground coal mining. Use it on loan applications, tax forms and registrations. Lenders price it on the business's own numbers rather than an industry program.

Apply for funding with AI

What 212115 covers

Businesses classified here mine coal underground, using longwall, room and pillar or other methods, for any rank of coal.

New in NAICS 2022, replacing 212112 and the underground part of 212113.

Included in this code

  • Underground bituminous coal mining
  • Longwall mining
  • Room and pillar mining
  • Underground anthracite mining

Not this code

Businesses that use 212115

Longwall mine in West VirginiaRoom and pillar mine in Illinois

Financing for this trade

Mining companies use equipment loans and leases for haul trucks, loaders and crushers, asset based lines on inventory and receivables, and term loans for land and reserves. Lenders look at permitted reserves, reclamation bonding and customer contracts.

Apply for funding with AI

Is 212115 the right code for an underground coal mine?

Yes, if your business mines coal underground. The code for surface coal mining is 212114. 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 212115?

The SBA size standard for 212115 is 1,500 employees. A business at or under that headcount, counting affiliates, is small for SBA loans such as 7(a) and 504 and for federal contracting set asides. Employees are averaged across all pay periods over the past 24 months, including part time and temporary staff.

What financing do underground coal miners use?

Mining companies use equipment loans and leases for haul trucks, loaders and crushers, asset based lines on inventory and receivables, and term loans for land and reserves. Lenders look at permitted reserves, reclamation bonding and customer contracts. Lenders that already fund this trade move faster because they know how to read its cash cycle.

What does NAICS 212115 cover?

Underground coal mining. Industry level code in NAICS 2022, under 21 Mining, quarrying, and oil and gas extraction, 212 Mining (except oil and gas), 2121 Coal mining, 21211 Coal mining.

What financing do NAICS 212115 businesses use?

Term loans, lines of credit, SBA loans and working capital are the usual products. Start an application and the AI matches the deal to lenders that fund this code.

Where do I put NAICS 212115?

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.