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NAICS 221112, industry

NAICS 221112: Fossil fuel electric power generation

NAICS 221112 is the industry code for fossil fuel electric power generation. Use it on loan applications, tax forms and registrations. Explore financing for energy services and start your application when you are ready.

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What 221112 covers

Businesses classified here run plants that burn coal, natural gas or oil to generate electricity, including peaker plants.

Included in this code

  • Natural gas power plants
  • Coal fired power plants
  • Oil fired generating plants
  • Peaker plants
  • Combined cycle plants

Not this code

Businesses that use 221112

Gas peaker plantCombined cycle plantIndustrial cogeneration seller

Financing for this trade

Power producers use construction loans, project finance and term debt sized to contracted revenue, plus equipment financing for turbines, panels and inverters; smaller projects also use SBA 504 and USDA guarantees. Lenders look at the power purchase agreement, interconnection status and production history.

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Is 221112 the right code for a fossil fuel power plant?

Yes, if your business generates electricity by burning coal, natural gas or oil. The code for cogeneration where steam supply is the main product is 221330. 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 221112?

The SBA size standard for 221112 is 950 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 fossil fuel power producers use?

Power producers use construction loans, project finance and term debt sized to contracted revenue, plus equipment financing for turbines, panels and inverters; smaller projects also use SBA 504 and USDA guarantees. Lenders look at the power purchase agreement, interconnection status and production history. Lenders that already fund this trade move faster because they know how to read its cash cycle.

What does NAICS 221112 cover?

Fossil fuel electric power generation. Industry level code in NAICS 2022, under 22 Utilities, 221 Utilities, 2211 Electric power generation, transmission and distribution, 22111 Electric power generation.

What financing do NAICS 221112 businesses use?

Equipment financing, working capital, SBA loans and invoice factoring are the products placed most for energy services businesses. Start an application and the AI matches the deal to lenders that fund this code.

Where do I put NAICS 221112?

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.