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NAICS 332111, industry

NAICS 332111: Iron and steel forging

NAICS 332111 is the industry code for iron and steel forging. 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 332111 covers

This code covers businesses that forge iron and steel parts from purchased metal by hammering, pressing or rolling heated metal, including open die, closed die and ring rolled forgings.

Included in this code

  • Closed die steel forgings
  • Open die forgings
  • Seamless rolled rings
  • Upset forgings
  • Forged hand tool blanks

Not this code

Businesses that use 332111

Closed die forgeOpen die forging shopRolled ring producer

Financing for this trade

Forges finance hammers, presses and heat treating furnaces with equipment loans and run asset based lines on steel and receivables. Lenders look at energy costs and oil field, aerospace and automotive exposure.

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Is 332111 the right code for an iron and steel forging company?

Yes, if you forge iron or steel parts from purchased metal. Aluminum, titanium and other nonferrous forgings belong in 332112, and cast steel parts in 331513. Forges that also machine parts typically stay in 332111 if forging drives most of the value.

What is the SBA size standard for 332111?

Under 13 CFR 121.201, a business classified under NAICS 332111 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.

What financing do forging shops use?

Forging presses and hammers are expensive and long lived, so shops use long term equipment loans or SBA 504 loans tied to building purchases. A revolving line covers steel bar inventory and receivables. Lenders look at customer concentration in oil and gas, aerospace and heavy equipment.

What does NAICS 332111 cover?

Iron and steel forging. Industry level code in NAICS 2022, under 31-33 Manufacturing, 332 Fabricated metal product manufacturing, 3321 Forging and stamping, 33211 Forging and stamping.

What financing do NAICS 332111 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 332111?

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.