Powered by LevrNAICS 331524: Aluminum foundries (except die-casting)
NAICS 331524 is the industry code for aluminum foundries (except die-casting). Use it on loan applications, tax forms and registrations. Explore financing for manufacturing and start your application when you are ready.
What 331524 covers
This code covers foundries that make aluminum castings by sand, permanent mold or other non die casting methods.
Included in this code
- Aluminum sand castings
- Permanent mold aluminum castings
- Low pressure aluminum castings
- Aluminum art and architectural castings
Not this code
- Aluminum die casting: see 331523 Nonferrous metal die-casting foundries
- Secondary aluminum smelting: see 331314 Secondary smelting and alloying of aluminum
- Other nonferrous foundries: see 331529 Other nonferrous metal foundries (except die-casting)
Businesses that use 331524
Financing for this trade
Aluminum foundries finance furnaces, molding equipment and machining centers with equipment loans and fund metal and receivables with lines of credit. Lenders look at customer mix and energy costs.
Apply for funding with AIIs 331524 the right code for an aluminum foundry?
Yes, if you pour aluminum castings by sand, permanent mold or similar methods. Die castings belong in 331523, and melting scrap into ingot belongs in 331314. Foundries casting brass, bronze or other nonferrous metals as their main work use 331529 instead. Pick the code that matches the work bringing in most of your revenue, since lenders compare it to your tax return.
What is the SBA size standard for 331524?
Under 13 CFR 121.201, a business classified under NAICS 331524 is small if it averages no more than 550 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 financing do small aluminum foundries use?
Small foundries often use SBA 7(a) loans to buy the business or building, equipment loans for furnaces and molding machines, and a revolving line for metal and receivables. Lenders look at customer diversity, energy costs, environmental compliance and the owner experience running the shop.
What does NAICS 331524 cover?
Aluminum foundries (except die-casting). Industry level code in NAICS 2022, under 31-33 Manufacturing, 331 Primary metal manufacturing, 3315 Foundries, 33152 Nonferrous metal foundries.
What financing do NAICS 331524 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 331524?
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.