Powered by LevrNAICS 423460: Ophthalmic goods merchant wholesalers
NAICS 423460 is the industry code for ophthalmic goods 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.
What 423460 covers
This code covers merchant wholesalers of ophthalmic goods, such as eyeglass frames, lenses, contact lenses and sunglasses sold to optical retailers and eye care practices.
Included in this code
- Eyeglass frames distribution
- Contact lens distribution
- Ophthalmic lens wholesaling
- Sunglasses wholesale
Not this code
- Optical labs: see 339115 Ophthalmic goods manufacturing
- Optical goods stores: see 456130 Optical goods retailers
- Medical equipment wholesaling: see 423450 Medical, dental, and hospital equipment and supplies merchant wholesalers
Businesses that use 423460
Financing for this trade
Eyewear distributors use inventory and receivables financing. Lenders look at practice receivables and inventory turns.
Apply for funding with AIIs 423460 the right code for an ophthalmic goods distributor?
Yes, if you distribute frames, lenses or contacts to eye care practices and retailers. Optical labs that grind lenses use 339115, and optical stores selling to consumers use 456130. Medical supply distributors use 423450. 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 423460?
Under 13 CFR 121.201, a business classified under NAICS 423460 is small if it averages no more than 175 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 eyewear distributors finance inventory?
Eyewear distributors carry many frame styles, so revolving lines on inventory and receivables from practices are common, along with purchase order financing for imports. Lenders look at inventory turns, practice concentration and brand licensing terms. Current financial statements and a receivables aging report speed up any of these approvals.
What does NAICS 423460 cover?
Ophthalmic goods 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, 42346 Ophthalmic goods merchant wholesalers.
What financing do NAICS 423460 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 423460?
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.