Powered by LevrNAICS 331222: Steel wire drawing
NAICS 331222 is the industry code for steel wire drawing. Use it on loan applications, tax forms and registrations. Explore financing for manufacturing and start your application when you are ready.
What 331222 covers
This code covers businesses that draw purchased steel rod into wire, and often make basic wire products like nails, fencing and wire rope in the same plant.
Included in this code
- Drawn steel wire
- Galvanized wire
- Nails and spikes made from drawn wire
- Steel wire rope and strand
- Fencing wire
Not this code
- Fabricated wire products from purchased wire: see 332618 Other fabricated wire product manufacturing
- Springs: see 332613 Spring manufacturing
- Nonferrous wire drawing: see 331491 Nonferrous metal (except copper and aluminum) rolling, drawing, and extruding
Businesses that use 331222
Financing for this trade
Wire mills finance drawing machines and galvanizing lines with equipment loans and run asset based lines on rod inventory and receivables. Lenders look at steel rod costs and construction and agricultural demand.
Apply for funding with AIIs 331222 the right code for a steel wire drawing company?
Yes, if you draw steel wire from rod, including plants that turn their own wire into nails, fencing or rope. If you buy finished wire and make products from it, 332618 fits better. Copper and aluminum wire drawing use 331420 or 331318.
What is the SBA size standard for 331222?
Under 13 CFR 121.201, a business classified under NAICS 331222 is small if it averages no more than 1,000 employees, counting affiliates, over the prior 24 months. SBA uses that number for loan eligibility and federal agencies use it for small business set asides. A firm above it can still qualify for SBA 7(a) and 504 loans under the alternative standard of $15 million tangible net worth and $5 million average net income.
How do wire mills finance working capital?
Steel rod is the largest cost, so wire mills typically use an asset based revolving line advanced against rod, wire inventory and receivables. Drawing machines and galvanizing lines are financed with equipment loans. Lenders look at how quickly price changes pass through to distributors and farm and construction buyers.
What does NAICS 331222 cover?
Steel wire drawing. Industry level code in NAICS 2022, under 31-33 Manufacturing, 331 Primary metal manufacturing, 3312 Steel product manufacturing from purchased steel, 33122 Rolling and drawing of purchased steel.
What financing do NAICS 331222 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 331222?
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.