Powered by LevrNAICS 423830: Industrial machinery and equipment merchant wholesalers
NAICS 423830 is the industry code for industrial machinery 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.
What 423830 covers
This code covers merchant wholesalers of industrial machinery and equipment, such as machine tools, forklifts, pumps, compressors, food processing equipment and oil field equipment.
Included in this code
- Machine tool dealers
- Forklift dealers
- Pump and compressor distribution
- Food processing equipment
- Oil field equipment and supplies
Not this code
- Industrial supplies: see 423840 Industrial supplies merchant wholesalers
- Construction equipment: see 423810 Construction and mining (except oil well) machinery and equipment merchant wholesalers
- Machinery manufacturing: see 333248 All other industrial machinery manufacturing
Businesses that use 423830
Financing for this trade
Industrial equipment distributors use floor plan financing, asset based lines and leasing partnerships. Lenders look at inventory turns and service revenue.
Apply for funding with AIIs 423830 the right code for an industrial machinery and equipment distributor?
Yes, if you sell industrial machinery and equipment to manufacturers and businesses. Consumable supplies like bearings and fasteners use 423840, construction equipment uses 423810, and firms earning mostly rental income use 532490. 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 423830?
Under 13 CFR 121.201, a business classified under NAICS 423830 is small if it averages no more than 100 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 industrial equipment dealers finance sales?
Dealers often partner with equipment lessors so customers can finance purchases, and use floor plan or asset based lines to carry machines. Service and parts revenue supports term debt. Lenders look at inventory aging and margins. A clean balance sheet and an up to date accounts receivable aging make the strongest case to any of these lenders.
What does NAICS 423830 cover?
Industrial machinery and equipment merchant wholesalers. Industry level code in NAICS 2022, under 42 Wholesale trade, 423 Merchant wholesalers, durable goods, 4238 Machinery, equipment, and supplies merchant wholesalers, 42383 Industrial machinery and equipment merchant wholesalers.
What financing do NAICS 423830 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 423830?
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.