Powered by LevrNAICS 333991: Power-Driven handtool manufacturing
NAICS 333991 is the industry code for power-driven handtool manufacturing. Use it on loan applications, tax forms and registrations. Explore financing for manufacturing and start your application when you are ready.
What 333991 covers
This code covers makers of power driven hand tools, such as drills, saws, sanders, grinders, nailers and pneumatic tools.
Included in this code
- Electric drills and drivers
- Power saws
- Sanders and grinders
- Pneumatic nailers and impact wrenches
- Cordless tool systems
Not this code
- Nonpowered hand tools: see 332216 Saw blade and handtool manufacturing
- Machine tools: see 333517 Machine tool manufacturing
- Lawn and garden power equipment: see 333112 Lawn and garden tractor and home lawn and garden equipment manufacturing
Businesses that use 333991
Financing for this trade
Power tool makers use inventory and receivables lines to serve retail and distributor channels and equipment loans for production. Lenders look at retailer concentration and warranty costs.
Apply for funding with AIIs 333991 the right code for a power tool manufacturer?
Yes, if you manufacture power driven hand tools. Manual hand tools use 332216, stationary machine tools use 333517, and garden equipment uses 333112. Brands that only import tools for resale fit wholesale code 423710 better than 333991. 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 333991?
Under 13 CFR 121.201, a business classified under NAICS 333991 is small if it averages no more than 950 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.
How do power tool brands finance inventory?
Power tool brands carry large inventories and sell to retailers on extended terms, so they rely on asset based lines, inventory financing and sometimes invoice factoring. Equipment loans cover production equipment. Lenders look at retailer concentration, warranty returns and inventory turns. Lenders move fastest when financial statements, tax returns and a debt schedule are ready to share.
What does NAICS 333991 cover?
Power-Driven handtool manufacturing. Industry level code in NAICS 2022, under 31-33 Manufacturing, 333 Machinery manufacturing, 3339 Other general purpose machinery manufacturing, 33399 All other general purpose machinery manufacturing.
What financing do NAICS 333991 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 333991?
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.