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NAICS 311221, industry

NAICS 311221: Wet corn milling and starch manufacturing

NAICS 311221 is the industry code for wet corn milling and starch manufacturing. Use it on loan applications, tax forms and registrations. Explore financing for manufacturing and start your application when you are ready.

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What 311221 covers

Businesses classified here wet mill corn and other vegetables into starch, corn syrup, oil and feed.

Included in this code

  • Wet corn milling
  • Corn starch
  • Corn syrup and high fructose corn syrup
  • Vegetable starches
  • Corn gluten feed

Not this code

Businesses that use 311221

Corn wet milling plantSpecialty starch maker

Financing for this trade

Food makers use equipment loans for milling, separation and refining equipment, asset based lines on inventory and grocery receivables, invoice factoring, and SBA 504 or 7(a) loans for plants and expansions. Lenders look at corn hedging, energy costs and customer contracts.

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Is 311221 the right code for a wet corn mill or starch maker?

Yes, if your business wet mills corn or makes starch. The code for ethanol fuel plants is 325193. 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 311221?

The SBA size standard for 311221 is 1,300 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 wet corn millers use?

Food makers use equipment loans for milling, separation and refining equipment, asset based lines on inventory and grocery receivables, invoice factoring, and SBA 504 or 7(a) loans for plants and expansions. Lenders look at corn hedging, energy costs and customer contracts. Lenders that already fund this trade move faster because they know how to read its cash cycle.

What does NAICS 311221 cover?

Wet corn milling and starch manufacturing. Industry level code in NAICS 2022, under 31-33 Manufacturing, 311 Food manufacturing, 3112 Grain and oilseed milling, 31122 Starch and vegetable fats and oils manufacturing.

What financing do NAICS 311221 businesses use?

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

Where do I put NAICS 311221?

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.