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NAICS 333131, industry

NAICS 333131: Mining machinery and equipment manufacturing

NAICS 333131 is the industry code for mining machinery and equipment manufacturing. 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 333131 covers

This code covers makers of mining machinery and equipment, such as drills, crushers, screens, mineral processing equipment and underground mining machines.

Included in this code

  • Rock crushers and screens
  • Mining drills
  • Underground mining machinery
  • Mineral processing equipment
  • Coal breakers and cleaning equipment

Not this code

Businesses that use 333131

Crusher manufacturerScreening equipment makerUnderground drill producer

Financing for this trade

Mining machinery makers finance fabrication and machining with equipment loans and use asset based lines and progress billing for large orders. Lenders look at commodity cycles and customer concentration.

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Is 333131 the right code for a mining machinery manufacturer?

Yes, if you manufacture equipment used to mine, crush, screen or process minerals. Oil and gas drilling equipment belongs in 333132, and general construction equipment in 333120. Dealers and rebuilders that mainly resell mining equipment generally fit 423810. If two codes seem to fit, the activity that produces the most revenue decides, and lenders will expect that same code everywhere.

What is the SBA size standard for 333131?

Under 13 CFR 121.201, a business classified under NAICS 333131 is small if it averages no more than 900 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 mining equipment makers?

Lenders review exposure to commodity prices and mining capital budgets, which can swing sharply, along with backlog and progress payment terms on large orders. Financing usually combines equipment loans for fabrication and machining with an asset based line on inventory and receivables.

What does NAICS 333131 cover?

Mining machinery and equipment manufacturing. Industry level code in NAICS 2022, under 31-33 Manufacturing, 333 Machinery manufacturing, 3331 Agriculture, construction, and mining machinery manufacturing, 33313 Mining and oil and gas field machinery manufacturing.

What financing do NAICS 333131 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 333131?

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.