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NAICS 238120, industry

NAICS 238120: Structural steel and precast concrete contractors

NAICS 238120 is the industry code for structural steel and precast concrete contractors. Use it on loan applications, tax forms and registrations. Explore financing for construction and start your application when you are ready.

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What 238120 covers

Businesses classified here erect structural steel, precast concrete, metal buildings and rebar, including welding on site.

Included in this code

  • Structural steel erection
  • Precast concrete installation
  • Metal building erection
  • Rebar placement
  • Ironwork and miscellaneous metals installation

Not this code

Businesses that use 238120

Steel erectorPre engineered metal building contractorRebar installer

Financing for this trade

Specialty contractors use equipment loans for cranes, lifts and welding rigs, working capital lines and invoice factoring to bridge slow pay and retainage, and SBA 7(a) for growth or buyouts. Lenders look at bonding, receivables, retainage and backlog.

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Is 238120 the right code for a steel erection contractor?

Yes, if your business erects structural steel, precast concrete or metal buildings. The code for steel fabrication in a shop is 332312. 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 238120?

The SBA size standard for 238120 is $19 million in average annual receipts. A business at or under that figure, counting affiliates, is small for SBA loans such as 7(a) and 504 and for federal contracting set asides. Receipts are averaged over the five most recently completed fiscal years.

What financing do steel and precast erectors use?

Specialty contractors use equipment loans for cranes, lifts and welding rigs, working capital lines and invoice factoring to bridge slow pay and retainage, and SBA 7(a) for growth or buyouts. Lenders look at bonding, receivables, retainage and backlog. Lenders that already fund this trade move faster because they know how to read its cash cycle.

What does NAICS 238120 cover?

Structural steel and precast concrete contractors. Industry level code in NAICS 2022, under 23 Construction, 238 Specialty trade contractors, 2381 Foundation, structure, and building exterior contractors, 23812 Structural steel and precast concrete contractors.

What financing do NAICS 238120 businesses use?

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

Where do I put NAICS 238120?

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.