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NAICS 334510, industry

NAICS 334510: Electromedical and electrotherapeutic apparatus manufacturing

NAICS 334510 is the industry code for electromedical and electrotherapeutic apparatus manufacturing. Use it on loan applications, tax forms and registrations. Explore financing for technology and start your application when you are ready.

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What 334510 covers

This code covers makers of electromedical and electrotherapeutic devices, such as MRI and ultrasound equipment, pacemakers, hearing aids, patient monitors and electrosurgical equipment.

Included in this code

  • Patient monitoring systems
  • Ultrasound and MRI equipment
  • Pacemakers and defibrillators
  • Hearing aids
  • Electrosurgical and electrotherapy devices

Not this code

Businesses that use 334510

Medical device startupPatient monitor makerHearing aid manufacturer

Financing for this trade

Medical device makers rely on equity, venture debt and asset based lines once revenue grows, plus equipment loans for production. Lenders look at FDA clearance status, reimbursement and customer contracts.

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Is 334510 the right code for an electromedical device manufacturer?

Yes, if you make electronic medical devices for diagnosis, monitoring or therapy. X ray and CT equipment belongs in 334517, nonelectronic surgical instruments in 339112, and distributors of devices use 423450. Software only medical products may fit software codes. Lenders check that the code on your application matches your tax return, so settle on one and keep it consistent.

What is the SBA size standard for 334510?

Under 13 CFR 121.201, a business classified under NAICS 334510 is small if it averages no more than 1,250 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 medical device companies use?

Early stage device companies usually rely on equity and venture debt until they gain FDA clearance and revenue. After that, asset based lines on hospital receivables and inventory and equipment loans for production become available. Lenders look at regulatory status and reimbursement.

What does NAICS 334510 cover?

Electromedical and electrotherapeutic apparatus manufacturing. Industry level code in NAICS 2022, under 31-33 Manufacturing, 334 Computer and electronic product manufacturing, 3345 Navigational, measuring, electromedical, and control instruments manufacturing, 33451 Navigational, measuring, electromedical, and control instruments manufacturing.

What financing do NAICS 334510 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 334510?

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.