Powered by LevrNAICS 423740: Refrigeration equipment and supplies merchant wholesalers
NAICS 423740 is the industry code for refrigeration equipment and supplies 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 423740 covers
This code covers merchant wholesalers of refrigeration equipment and supplies, such as commercial refrigeration units, compressors and refrigerants.
Included in this code
- Commercial refrigeration equipment
- Compressors and condensing units
- Refrigerants
- Walk in cooler components
- Ice machines for contractors
Not this code
- HVAC equipment: see 423730 Warm air heating and air-conditioning equipment and supplies merchant wholesalers
- Restaurant equipment: see 423440 Other commercial equipment merchant wholesalers
- Refrigeration contractors: see 238220 Plumbing, heating, and air-conditioning contractors
Businesses that use 423740
Financing for this trade
Refrigeration distributors use asset based lines and supplier terms. Lenders look at contractor receivables and inventory turns.
Apply for funding with AIIs 423740 the right code for a refrigeration equipment distributor?
Yes, if you sell refrigeration equipment, parts and refrigerants mainly to contractors. HVAC equipment for comfort cooling uses 423730, restaurant equipment dealers use 423440 and installers use 238220. 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 423740?
Under 13 CFR 121.201, a business classified under NAICS 423740 is small if it averages no more than 125 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 refrigeration distributors finance inventory?
These distributors carry compressors, parts and refrigerants on an asset based line and extend credit to contractors. Refrigerant price swings can affect inventory value. Lenders look at credit policies and inventory controls. Current financial statements and a receivables aging report speed up any of these approvals.
What does NAICS 423740 cover?
Refrigeration equipment and supplies merchant wholesalers. Industry level code in NAICS 2022, under 42 Wholesale trade, 423 Merchant wholesalers, durable goods, 4237 Hardware, and plumbing and heating equipment and supplies merchant wholesalers, 42374 Refrigeration equipment and supplies merchant wholesalers.
What financing do NAICS 423740 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 423740?
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.