Powered by LevrNAICS 423620: Household appliances, electric housewares, and consumer electronics merchant wholesalers
NAICS 423620 is the industry code for household appliances, electric housewares, and consumer electronics 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 423620 covers
This code covers merchant wholesalers of household appliances, electric housewares and consumer electronics, such as refrigerators, TVs, audio equipment and small appliances.
Included in this code
- Major appliance distribution
- Consumer electronics wholesale
- Small appliance distribution
- Air conditioners for homes
- Car audio wholesale
Not this code
- Appliance stores: see 449210 Electronics and appliance retailers
- Electronic components: see 423690 Other electronic parts and equipment merchant wholesalers
- Electrical supplies: see 423610 Electrical apparatus and equipment, wiring supplies, and related equipment merchant wholesalers
Businesses that use 423620
Financing for this trade
These wholesalers use inventory and purchase order financing and factoring. Lenders look at product obsolescence and retailer concentration.
Apply for funding with AIIs 423620 the right code for an appliance and consumer electronics wholesaler?
Yes, if you sell appliances, TVs, audio or small appliances to retailers, builders or businesses. Stores selling to consumers use 449210, and electronic parts and components use 423690. 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 423620?
Under 13 CFR 121.201, a business classified under NAICS 423620 is small if it averages no more than 225 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 electronics importers finance inventory?
Importers typically use purchase order or trade finance to pay factories, inventory lines to carry stock and factoring for retailer receivables. Fast product cycles make lenders watch obsolescence closely. Margins and customer concentration matter. Current financial statements and a receivables aging report speed up any of these approvals.
What does NAICS 423620 cover?
Household appliances, electric housewares, and consumer electronics merchant wholesalers. Industry level code in NAICS 2022, under 42 Wholesale trade, 423 Merchant wholesalers, durable goods, 4236 Household appliances and electrical and electronic goods merchant wholesalers, 42362 Household appliances, electric housewares, and consumer electronics merchant wholesalers.
What financing do NAICS 423620 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 423620?
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.