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NAICS 332216, industry

NAICS 332216: Saw blade and handtool manufacturing

NAICS 332216 is the industry code for saw blade and handtool manufacturing. Use it on loan applications, tax forms and registrations. Explore financing for manufacturing and start your application when you are ready.

What 332216 covers

This code covers makers of nonpowered hand tools and saw blades, such as hammers, wrenches, pliers, screwdrivers, shovels, garden tools and saw blades for power saws.

Included in this code

  • Wrenches, pliers and screwdrivers
  • Hammers and striking tools
  • Shovels, rakes and garden tools
  • Saw blades
  • Mechanics tool sets

Businesses that use 332216

Wrench manufacturerSaw blade makerGarden tool producer

Financing for this trade

Hand tool makers use equipment loans for forging and finishing equipment and inventory lines to stock retail channels. Lenders look at big box retailer concentration and seasonality of garden tools.

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Is 332216 the right code for a hand tool or saw blade manufacturer?

Yes, if you manufacture nonpowered hand tools or saw blades. Power tools belong in 333991, and drill bits and cutters for machine tools in 333515. Companies importing tools for resale under their own brand typically fit wholesale code 423710 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 332216?

Under 13 CFR 121.201, a business classified under NAICS 332216 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 hand tool manufacturers use?

Tool makers typically finance forging presses and heat treat equipment with equipment loans and carry inventory and retailer receivables on an asset based line. Seasonal products like garden tools need extra line capacity before spring. Lenders look at customer concentration with home centers and distributors.

What does NAICS 332216 cover?

Saw blade and handtool manufacturing. Industry level code in NAICS 2022, under 31-33 Manufacturing, 332 Fabricated metal product manufacturing, 3322 Cutlery and handtool manufacturing, 33221 Cutlery and handtool manufacturing.

What financing do NAICS 332216 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 332216?

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.