Powered by LevrNAICS 331314: Secondary smelting and alloying of aluminum
NAICS 331314 is the industry code for secondary smelting and alloying of aluminum. Use it on loan applications, tax forms and registrations. Explore financing for manufacturing and start your application when you are ready.
What 331314 covers
This code covers businesses that recover aluminum from scrap and dross and alloy it into ingot, billet or molten metal. Aluminum recyclers that melt scrap belong here.
Included in this code
- Aluminum scrap remelting
- Aluminum ingot and billet from scrap
- Dross processing
- Aluminum alloying
Not this code
- Scrap metal recycling without melting: see 423930 Recyclable material merchant wholesalers
- Primary aluminum production: see 331313 Alumina refining and primary aluminum production
- Aluminum foundries: see 331524 Aluminum foundries (except die-casting)
Businesses that use 331314
Financing for this trade
Secondary smelters finance furnaces and sorting equipment with equipment loans and fund scrap purchases with asset based lines. Lenders look at metal price spreads, environmental permits and supplier and customer contracts.
Apply for funding with AIIs 331314 the right code for a secondary aluminum smelter?
Yes, if you melt aluminum scrap or dross and produce ingot, billet or molten aluminum. Scrap yards that buy, sort and sell scrap without melting it use 423930, and foundries that cast parts use 331524. Primary smelters working from alumina use 331313.
What is the SBA size standard for 331314?
Under 13 CFR 121.201, a business classified under NAICS 331314 is small if it averages no more than 750 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 aluminum recyclers finance scrap purchases?
Recyclers usually rely on an asset based line that advances against scrap inventory and receivables from die casters and mills. Furnaces, shredders and sorting systems are financed with equipment loans. Lenders look at spread management between scrap cost and alloy selling price and at environmental permits.
What does NAICS 331314 cover?
Secondary smelting and alloying of aluminum. Industry level code in NAICS 2022, under 31-33 Manufacturing, 331 Primary metal manufacturing, 3313 Alumina and aluminum production and processing, 33131 Alumina and aluminum production and processing.
What financing do NAICS 331314 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 331314?
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.