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NAICS 313240, industry

NAICS 313240: Knit fabric mills

NAICS 313240 is the industry code for knit fabric mills. 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 313240 covers

Businesses classified here knit fabric, including warp and weft knits and lace.

Included in this code

  • Weft knit fabric
  • Warp knit fabric
  • Lace making
  • Knit mesh

Not this code

Businesses that use 313240

Circular knit millLace maker

Financing for this trade

Manufacturers here use equipment loans and leases for knitting machines, asset based lines on receivables and inventory, and SBA 504 or 7(a) loans for plants and expansions. Lenders look at apparel customer concentration and import competition.

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Is 313240 the right code for a knit fabric mill?

Yes, if your business knits fabric. The code for knitting finished apparel is 315120. 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 313240?

The SBA size standard for 313240 is 500 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 knitting mills use?

Manufacturers here use equipment loans and leases for knitting machines, asset based lines on receivables and inventory, and SBA 504 or 7(a) loans for plants and expansions. Lenders look at apparel customer concentration and import competition. Lenders that already fund this trade move faster because they know how to read its cash cycle.

What does NAICS 313240 cover?

Knit fabric mills. Industry level code in NAICS 2022, under 31-33 Manufacturing, 313 Textile mills, 3132 Fabric mills, 31324 Knit fabric mills.

What financing do NAICS 313240 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 313240?

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.