Powered by LevrNAICS 423510: Metal service centers and other metal merchant wholesalers
NAICS 423510 is the industry code for metal service centers and other metal 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 423510 covers
This code covers metal service centers and merchant wholesalers of steel, aluminum and other metals, which often cut, slit, shear and process metal for customers.
Included in this code
- Steel service centers
- Aluminum and stainless distribution
- Metal cutting and slitting
- Rebar and structural steel distribution
- Pipe and tube distribution
Not this code
- Steel mills: see 331110 Iron and steel mills and ferroalloy manufacturing
- Scrap metal: see 423930 Recyclable material merchant wholesalers
- Structural steel fabrication: see 332312 Fabricated structural metal manufacturing
Businesses that use 423510
Financing for this trade
Service centers rely on asset based lines tied to metal inventory and receivables and equipment loans for processing equipment. Lenders look at metal price exposure and inventory controls.
Apply for funding with AIIs 423510 the right code for a metal service center?
Yes, if you buy metal and resell it, with or without cutting and processing. Mills making metal use 331110, scrap dealers use 423930 and fabricators making structural assemblies use 332312. 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 423510?
Under 13 CFR 121.201, a business classified under NAICS 423510 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 metal service centers manage price swings?
Service centers use asset based lines that move with inventory value and often price with surcharges. Lenders review inventory valuation methods, turns and margin history through metal cycles. Equipment loans fund saws, slitters and lasers. A clean balance sheet and an up to date accounts receivable aging make the strongest case to any of these lenders.
What does NAICS 423510 cover?
Metal service centers and other metal merchant wholesalers. Industry level code in NAICS 2022, under 42 Wholesale trade, 423 Merchant wholesalers, durable goods, 4235 Metal and mineral (except petroleum) merchant wholesalers, 42351 Metal service centers and other metal merchant wholesalers.
What financing do NAICS 423510 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 423510?
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.