Powered by LevrNAICS 324110: Petroleum refineries
NAICS 324110 is the industry code for petroleum refineries. Use it on loan applications, tax forms and registrations. Explore financing for manufacturing and start your application when you are ready.
What 324110 covers
Businesses classified here refine crude oil into gasoline, diesel, jet fuel, asphalt, lubricants and petrochemical feedstocks, including renewable diesel at refineries.
Included in this code
- Crude oil refining
- Gasoline and diesel production
- Jet fuel
- Refinery asphalt and lubricants
- Renewable diesel at refineries
Not this code
- Lubricant blending from purchased oils: see 324191 Petroleum lubricating oil and grease manufacturing
- Biodiesel plants: see 325199 All other basic organic chemical manufacturing
- Petrochemicals: see 325110 Petrochemical manufacturing
Businesses that use 324110
Financing for this trade
Manufacturers here use equipment loans and leases for process units and storage, asset based lines on receivables and inventory, and SBA 504 or 7(a) loans for plants and expansions. Lenders look at crude supply contracts, crack spreads, hedging and environmental compliance.
Apply for funding with AIIs 324110 the right code for a petroleum refinery?
Yes, if your business refines crude oil. The code for lubricant blending from purchased oils is 324191. 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 324110?
The SBA size standard for 324110 is 1,500 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 refiners use?
Manufacturers here use equipment loans and leases for process units and storage, asset based lines on receivables and inventory, and SBA 504 or 7(a) loans for plants and expansions. Lenders look at crude supply contracts, crack spreads, hedging and environmental compliance. Lenders that already fund this trade move faster because they know how to read its cash cycle.
What does NAICS 324110 cover?
Petroleum refineries. Industry level code in NAICS 2022, under 31-33 Manufacturing, 324 Petroleum and coal products manufacturing, 3241 Petroleum and coal products manufacturing, 32411 Petroleum refineries.
What financing do NAICS 324110 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 324110?
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.