Powered by LevrNAICS 332431: Metal can manufacturing
NAICS 332431 is the industry code for metal can manufacturing. Use it on loan applications, tax forms and registrations. Explore financing for manufacturing and start your application when you are ready.
What 332431 covers
This code covers plants that make metal cans from purchased steel or aluminum, mainly beverage and food cans and aerosol cans.
Included in this code
- Aluminum beverage cans
- Steel food cans
- Aerosol cans
- Can ends and lids
Not this code
- Metal drums and pails: see 332439 Other metal container manufacturing
- Aluminum can stock rolling: see 331315 Aluminum sheet, plate, and foil manufacturing
- Glass containers: see 327213 Glass container manufacturing
Businesses that use 332431
Financing for this trade
Can makers finance high speed body makers and end lines with large equipment loans and run asset based lines on coil and receivables. Lenders look at supply contracts with beverage and food packers and metal price pass through.
Apply for funding with AIIs 332431 the right code for a metal can manufacturer?
Yes, if you manufacture metal cans or can ends for beverages, food or aerosols. Drums, pails, barrels and other light gauge containers belong in 332439, and rolling the can sheet itself belongs in 331315. Mobile canning services for breweries use a service code, not 332431.
What is the SBA size standard for 332431?
Under 13 CFR 121.201, a business classified under NAICS 332431 is small if it averages no more than 1,500 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 at for can manufacturers?
Lenders focus on long term supply agreements with brewers, beverage companies and food packers, how aluminum and tinplate costs pass through, and plant utilization. Financing is usually large term loans or equipment financing for lines plus an asset based revolving line on coil inventory and receivables.
What does NAICS 332431 cover?
Metal can manufacturing. Industry level code in NAICS 2022, under 31-33 Manufacturing, 332 Fabricated metal product manufacturing, 3324 Boiler, tank, and shipping container manufacturing, 33243 Metal can, box, and other metal container (Light gauge) manufacturing.
What financing do NAICS 332431 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 332431?
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.