Powered by LevrNAICS 334416: Capacitor, resistor, coil, transformer, and other inductor manufacturing
NAICS 334416 is the industry code for capacitor, resistor, coil, transformer, and other inductor manufacturing. Use it on loan applications, tax forms and registrations. Explore financing for technology and start your application when you are ready.
What 334416 covers
This code covers makers of electronic capacitors, resistors, coils, transformers and other inductors used in electronic circuits.
Included in this code
- Capacitors
- Resistors
- Electronic coils and inductors
- Electronic transformers
- Chokes and filters
Not this code
- Power distribution transformers: see 335311 Power, distribution, and specialty transformer manufacturing
- Other electronic components: see 334419 Other electronic component manufacturing
- Semiconductors: see 334413 Semiconductor and related device manufacturing
Businesses that use 334416
Financing for this trade
Component makers finance winding and production equipment with equipment loans and use lines of credit for inventory and receivables. Lenders look at OEM and distributor concentration.
Apply for funding with AIIs 334416 the right code for a capacitor, resistor, coil or transformer maker?
Yes, if you make capacitors, resistors, coils, inductors or small electronic transformers. Utility and power distribution transformers belong in 335311. Other components such as crystals, sensors or microwave parts generally belong in 334419. 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 334416?
Under 13 CFR 121.201, a business classified under NAICS 334416 is small if it averages no more than 550 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 electronic component makers use?
Component makers usually finance winding, testing and assembly equipment with equipment loans and run a revolving line on inventory and receivables from distributors and OEMs. Lenders look at customer diversity, defense and industrial exposure and inventory management. Current financial statements and a receivables aging report speed up any of these approvals.
What does NAICS 334416 cover?
Capacitor, resistor, coil, transformer, and other inductor manufacturing. Industry level code in NAICS 2022, under 31-33 Manufacturing, 334 Computer and electronic product manufacturing, 3344 Semiconductor and other electronic component manufacturing, 33441 Semiconductor and other electronic component manufacturing.
What financing do NAICS 334416 businesses use?
Equipment financing, working capital, SBA loans and invoice factoring are the products placed most for technology businesses. Start an application and the AI matches the deal to lenders that fund this code.
Where do I put NAICS 334416?
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.