Powered by LevrNAICS 331513: Steel foundries (except investment)
NAICS 331513 is the industry code for steel foundries (except investment). Use it on loan applications, tax forms and registrations. Explore financing for manufacturing and start your application when you are ready.
What 331513 covers
This code covers foundries that pour steel castings by methods other than investment casting, typically sand casting, for mining, rail, construction and heavy equipment parts.
Included in this code
- Sand cast carbon and alloy steel
- Stainless steel castings
- Rail and mining equipment castings
- Valve and pump body castings
Not this code
- Steel investment castings: see 331512 Steel investment foundries
- Iron foundries: see 331511 Iron foundries
- Steel forging: see 332111 Iron and steel forging
Businesses that use 331513
Financing for this trade
Steel foundries finance arc and induction furnaces, molding and heat treating equipment with equipment loans and fund scrap and receivables with lines of credit. Lenders look at energy costs and heavy industry customer cycles.
Apply for funding with AIIs 331513 the right code for a steel foundry?
Yes, if you pour steel castings by sand casting or other methods besides investment casting. Lost wax steel castings belong in 331512 and iron castings in 331511. Forged rather than cast steel parts belong in 332111, so check how your parts are actually formed.
What is the SBA size standard for 331513?
Under 13 CFR 121.201, a business classified under NAICS 331513 is small if it averages no more than 700 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.
What do lenders look for with steel foundries?
Lenders review exposure to cyclical mining, rail and oil field customers, energy and alloy costs, and environmental compliance. They also look at furnace and equipment condition through appraisals. Financing is usually a revolving line on receivables and inventory plus equipment loans or SBA 7(a) loans for upgrades.
What does NAICS 331513 cover?
Steel foundries (except investment). Industry level code in NAICS 2022, under 31-33 Manufacturing, 331 Primary metal manufacturing, 3315 Foundries, 33151 Ferrous metal foundries.
What financing do NAICS 331513 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 331513?
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.