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NAICS 423690, industry

NAICS 423690: Other electronic parts and equipment merchant wholesalers

NAICS 423690 is the industry code for other electronic parts and equipment 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 423690 covers

This code covers merchant wholesalers of electronic parts and equipment, such as components, communications equipment, semiconductors and two way radios.

Included in this code

  • Electronic component distribution
  • Semiconductor distribution
  • Communications equipment wholesale
  • Two way radio dealers
  • Security and AV equipment distribution

Not this code

Businesses that use 423690

Component distributorTwo way radio dealerTelecom equipment wholesaler

Financing for this trade

Electronic parts distributors use asset based lines and purchase order financing. Lenders look at inventory obsolescence and customer concentration.

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Is 423690 the right code for an electronic parts distributor?

Yes, if you distribute electronic components, communications equipment or AV and security gear to businesses. Electrical construction supplies use 423610, computers 423430 and consumer electronics 423620. 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 423690?

Under 13 CFR 121.201, a business classified under NAICS 423690 is small if it averages no more than 250 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 component distributors manage inventory risk?

Component distributors face price swings and obsolescence, so they rely on asset based lines with careful inventory reporting and use purchase order financing for large orders. Lenders look at inventory aging, supplier agreements and customer diversity. A clean balance sheet and an up to date accounts receivable aging make the strongest case to any of these lenders.

What does NAICS 423690 cover?

Other electronic parts and equipment 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, 42369 Other electronic parts and equipment merchant wholesalers.

What financing do NAICS 423690 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 423690?

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.