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NAICS 424210, industry

NAICS 424210: Drugs and druggists' sundries merchant wholesalers

NAICS 424210 is the industry code for drugs and druggists' sundries 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 424210 covers

Businesses in this code wholesale prescription and over the counter drugs, vitamins, toiletries and druggists' sundries to pharmacies, hospitals and retailers.

Included in this code

  • Prescription drug wholesale
  • Over the counter medicines
  • Vitamins and supplements wholesale
  • Toiletries and personal care products
  • Druggists' sundries

Not this code

Businesses that use 424210

Pharmaceutical distributorVitamin wholesalerHealth and beauty aids distributorSpecialty drug distributor

Financing for this trade

Drug and sundries wholesalers use asset based lines secured by receivables and high value inventory, plus factoring when pharmacy or hospital customers pay slowly. Lenders review state wholesale licenses, DEA registrations and chargeback and rebate accounting.

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Is 424210 the right code for a pharmaceutical wholesaler?

Yes, if you distribute prescription drugs, over the counter medicines, vitamins or health and beauty items to pharmacies, hospitals, clinics or retailers. Medical devices and supplies go under 423450. Supplement makers who mainly manufacture use 3254 codes, and pharmacies selling to patients use 456110.

What is the SBA size standard for 424210?

The SBA size standard for 424210 is 250 employees. SBA counts the average number of people on payroll, full time, part time and temporary, over the last 24 months, and adds in any affiliates. A pharmaceutical wholesaler under that headcount counts as small for SBA 7(a) and 504 loans and for federal small business contracts, whatever its revenue.

What do lenders want from a pharmaceutical wholesaler?

Expect requests for state wholesale distributor licenses, DEA registration if you handle controlled substances, and clean records of chargebacks and manufacturer rebates. Asset based lines advance against receivables from pharmacies and hospitals and against saleable inventory. Short dated or expired stock is excluded from the borrowing base, so inventory controls matter.

What does NAICS 424210 cover?

Drugs and druggists' sundries merchant wholesalers. Industry level code in NAICS 2022, under 42 Wholesale trade, 424 Merchant wholesalers, nondurable goods, 4242 Drugs and druggists' sundries merchant wholesalers, 42421 Drugs and druggists' sundries merchant wholesalers.

What financing do NAICS 424210 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 424210?

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.