Powered by LevrNAICS 212323: Kaolin, clay, and ceramic and refractory minerals mining
NAICS 212323 is the industry code for kaolin, clay, and ceramic and refractory minerals 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 212323 covers
Businesses classified here mine kaolin, ball clay, fire clay, bentonite and other clays and ceramic or refractory minerals.
Included in this code
- Kaolin mining
- Ball clay mining
- Bentonite mining
- Fire clay mining
- Feldspar and refractory mineral mining
Not this code
- Brick and clay product manufacturing: see 327120 Clay building material and refractories manufacturing
- Other nonmetallic minerals: see 212390 Other nonmetallic mineral mining and quarrying
Businesses that use 212323
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 212323 the right code for a clay or kaolin mine?
Yes, if your business mines clay, kaolin or other ceramic and refractory minerals. The code for brick and clay product manufacturing is 327120. 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 212323?
The SBA size standard for 212323 is 650 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 clay 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 212323 cover?
Kaolin, clay, and ceramic and refractory minerals mining. Industry level code in NAICS 2022, under 21 Mining, quarrying, and oil and gas extraction, 212 Mining (except oil and gas), 2123 Nonmetallic mineral mining and quarrying, 21232 Sand, gravel, clay, and ceramic and refractory minerals mining and quarrying.
What financing do NAICS 212323 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 212323?
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.