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NAICS 423520, industry

NAICS 423520: Coal and other mineral and ore merchant wholesalers

NAICS 423520 is the industry code for coal and other mineral and ore 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 423520 covers

This code covers merchant wholesalers of coal, coke, metal ores and nonmetallic minerals other than petroleum.

Included in this code

  • Coal brokerage with title
  • Coke distribution
  • Metal ore trading
  • Industrial minerals distribution

Not this code

Businesses that use 423520

Coal distributorOre traderIndustrial mineral supplier

Financing for this trade

These wholesalers use trade finance, inventory financing and receivables lines. Lenders look at commodity price exposure and counterparty credit.

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Is 423520 the right code for a coal and mineral wholesaler?

Yes, if you buy and resell coal, coke, ores or industrial minerals. Mining companies use mining codes such as 212114, and petroleum distributors use 424720. Brokers acting without taking title may fit 425120. 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 423520?

Under 13 CFR 121.201, a business classified under NAICS 423520 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 commodity wholesalers finance trades?

These wholesalers commonly use trade finance, letters of credit and inventory financing secured by the commodity, plus receivables financing for customer terms. Lenders look at counterparty credit, hedging and logistics controls. Current financial statements and a receivables aging report speed up any of these approvals.

What does NAICS 423520 cover?

Coal and other mineral and ore 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, 42352 Coal and other mineral and ore merchant wholesalers.

What financing do NAICS 423520 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 423520?

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.