NAICS 311942: Spice and extract manufacturing
NAICS 311942 is the industry code for spice and extract manufacturing. Use it on loan applications, tax forms and registrations. Explore financing for manufacturing and start your application when you are ready.
What 311942 covers
Businesses classified here grind and blend spices, make seasonings, extracts, table salt and natural flavors.
Included in this code
- Spice grinding and blending
- Seasoning mixes
- Vanilla and flavor extracts
- Table salt
- Meat tenderizers
Not this code
- Flavoring syrups: see 311930 Flavoring syrup and concentrate manufacturing
- Salt mining: see 212390 Other nonmetallic mineral mining and quarrying
Businesses that use 311942
Financing for this trade
Food makers use equipment loans for grinders, blenders and packaging, asset based lines on inventory and grocery receivables, invoice factoring, and SBA 504 or 7(a) loans for plants and expansions. Lenders look at import supply, food service contracts and inventory.
Apply for funding with AIIs 311942 the right code for a spice or extract maker?
Yes, if your business grinds spices, blends seasonings or makes extracts. The code for flavoring syrups is 311930. 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 311942?
The SBA size standard for 311942 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 spice makers use?
Food makers use equipment loans for grinders, blenders and packaging, asset based lines on inventory and grocery receivables, invoice factoring, and SBA 504 or 7(a) loans for plants and expansions. Lenders look at import supply, food service contracts and inventory. Lenders that already fund this trade move faster because they know how to read its cash cycle.
What does NAICS 311942 cover?
Spice and extract manufacturing. Industry level code in NAICS 2022, under 31-33 Manufacturing, 311 Food manufacturing, 3119 Other food manufacturing, 31194 Seasoning and dressing manufacturing.
What financing do NAICS 311942 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 311942?
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.