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NAICS 324191, industry

NAICS 324191: Petroleum lubricating oil and grease manufacturing

NAICS 324191 is the industry code for petroleum lubricating oil and grease 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 324191 covers

Businesses classified here blend and compound lubricating oils and greases from purchased materials, and re refine used oil.

Included in this code

  • Motor oil blending
  • Industrial lubricants
  • Greases
  • Used oil re refining
  • Metalworking fluids

Not this code

Businesses that use 324191

Lubricant blender and packagerUsed oil re refiner

Financing for this trade

Manufacturers here use equipment loans and leases for blending tanks and filling lines, asset based lines on receivables and inventory, and SBA 504 or 7(a) loans for plants and expansions. Lenders look at base oil costs, distributor contracts and environmental compliance.

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Is 324191 the right code for a lubricant blender?

Yes, if your business blends lubricating oils or greases. The code for refineries is 324110. 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 324191?

The SBA size standard for 324191 is 900 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 lubricant makers use?

Manufacturers here use equipment loans and leases for blending tanks and filling lines, asset based lines on receivables and inventory, and SBA 504 or 7(a) loans for plants and expansions. Lenders look at base oil costs, distributor contracts and environmental compliance. Lenders that already fund this trade move faster because they know how to read its cash cycle.

What does NAICS 324191 cover?

Petroleum lubricating oil and grease manufacturing. Industry level code in NAICS 2022, under 31-33 Manufacturing, 324 Petroleum and coal products manufacturing, 3241 Petroleum and coal products manufacturing, 32419 Other petroleum and coal products manufacturing.

What financing do NAICS 324191 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 324191?

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.