Powered by LevrNAICS 212220: Gold ore and silver ore mining
NAICS 212220 is the industry code for gold ore and silver ore mining. Use it on loan applications, tax forms and registrations. Lenders price it on the business's own numbers rather than an industry program.
What 212220 covers
Businesses classified here mine gold or silver ore and run the mills that concentrate it at the mine.
Included in this code
- Gold ore mining
- Silver ore mining
- Placer gold mining
- Heap leach operations
Not this code
- Precious metal refining: see 331410 Nonferrous metal (except aluminum) smelting and refining
- Copper mining with gold as a byproduct: see 212230 Copper, nickel, lead, and zinc mining
Businesses that use 212220
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 AIIs 212220 the right code for a gold or silver mine?
Yes, if your business mines gold or silver ore. The code for precious metal refining is 331410. 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 212220?
The SBA size standard for 212220 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 gold and silver 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 212220 cover?
Gold ore and silver ore mining. Industry level code in NAICS 2022, under 21 Mining, quarrying, and oil and gas extraction, 212 Mining (except oil and gas), 2122 Metal ore mining, 21222 Gold ore and silver ore mining.
What financing do NAICS 212220 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 212220?
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.