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NAICS 423450, industry

NAICS 423450: Medical, dental, and hospital equipment and supplies merchant wholesalers

NAICS 423450 is the industry code for medical, dental, and hospital equipment and supplies merchant wholesalers. Use it on loan applications, tax forms and registrations. Lenders price it on the business's own numbers rather than an industry program.

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What 423450 covers

This code covers merchant wholesalers of medical, dental and hospital equipment and supplies, such as surgical instruments, diagnostic equipment, hospital furniture and durable medical equipment sold to providers.

Included in this code

  • Medical supplies distribution
  • Hospital equipment
  • Dental equipment and supplies
  • Durable medical equipment wholesale
  • Veterinary medical supplies

Not this code

Businesses that use 423450

Medical supply distributorDental supply dealerSurgical device distributor

Financing for this trade

Medical distributors use asset based lines and healthcare receivables financing. Lenders look at hospital and practice receivables and regulatory compliance.

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Is 423450 the right code for a medical equipment distributor?

Yes, if you sell medical, dental or hospital equipment and supplies to providers. Drug wholesalers use 424210, and businesses renting home medical equipment use 532283. Ophthalmic goods have their own code, 423460. 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 423450?

Under 13 CFR 121.201, a business classified under NAICS 423450 is small if it averages no more than 200 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 medical distributors finance receivables?

Hospitals and clinics can pay slowly, so distributors use asset based lines or receivables financing, plus inventory lines for stock. Distributor agreements with manufacturers affect margins. Lenders look at customer credit, compliance and inventory controls. A clean balance sheet and an up to date accounts receivable aging make the strongest case to any of these lenders.

What does NAICS 423450 cover?

Medical, dental, and hospital equipment and supplies merchant wholesalers. Industry level code in NAICS 2022, under 42 Wholesale trade, 423 Merchant wholesalers, durable goods, 4234 Professional and commercial equipment and supplies merchant wholesalers, 42345 Medical, dental, and hospital equipment and supplies merchant wholesalers.

What financing do NAICS 423450 businesses use?

Term loans, lines of credit, SBA loans and working capital are the usual products. Start an application and the AI matches the deal to lenders that fund this code.

Where do I put NAICS 423450?

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.