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NAICS 212390, industry

NAICS 212390: Other nonmetallic mineral mining and quarrying

NAICS 212390 is the industry code for other nonmetallic mineral mining and quarrying. Use it on loan applications, tax forms and registrations. Lenders price it on the business's own numbers rather than an industry program.

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What 212390 covers

Businesses classified here mine nonmetallic minerals not covered elsewhere, such as potash, phosphate rock, salt, gypsum, talc, borates, lithium brines and gemstones.

Included in this code

  • Phosphate rock mining
  • Potash mining
  • Rock salt mining
  • Gypsum mining
  • Talc mining
  • Borate mining
  • Lithium brine extraction
  • Gemstone mining

Not this code

Businesses that use 212390

Phosphate mine in FloridaRock salt mineGypsum quarryLithium brine project

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.

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Is 212390 the right code for a potash, phosphate, lithium brine or other mineral mine?

Yes, if your business mines nonmetallic minerals such as potash, phosphate, salt, gypsum or lithium brine. The code for fertilizer manufacturing is 325312. 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 212390?

The SBA size standard for 212390 is 600 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 nonmetallic mineral 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 212390 cover?

Other nonmetallic mineral mining and quarrying. 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, 21239 Other nonmetallic mineral mining and quarrying.

What financing do NAICS 212390 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 212390?

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.