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NAICS 424310, industry

NAICS 424310: Piece goods, notions, and other dry goods merchant wholesalers

NAICS 424310 is the industry code for piece goods, notions, and other dry goods 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 424310 covers

Wholesalers in this code sell piece goods, fabric, yarn, notions such as buttons, zippers and thread, and other dry goods to apparel makers, craft stores and upholsterers.

Included in this code

  • Fabric and piece goods wholesale
  • Yarn and thread
  • Notions such as buttons, zippers and trim
  • Upholstery fabric
  • Sewing supplies

Businesses that use 424310

Fabric converterNotions distributorUpholstery fabric wholesaler

Financing for this trade

Fabric wholesalers use lines of credit, factoring and import trade finance to carry inventory from overseas mills. Lenders look at inventory obsolescence, since fashion fabric loses value quickly.

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Is 424310 the right code for a fabric and notions wholesaler?

Yes, if you sell fabric, yarn, thread or sewing notions in bulk to manufacturers, upholsterers or craft retailers. Fabric converters who buy greige goods and have them dyed by others also fit here. Finished clothing goes to 424350, and fabric stores that sell to sewing hobbyists use 459130.

What is the SBA size standard for 424310?

The SBA size standard for 424310 is 100 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 fabric and notions wholesaler under that headcount counts as small for SBA 7(a) and 504 loans and for federal small business contracts, whatever its revenue.

How do fabric wholesalers finance imports?

Many use factoring, which is common across the textile trade, along with letters of credit to pay overseas mills. A borrowing base line works once receivables are steady. Lenders discount inventory because seasonal prints and colors lose value, so they look closely at aging and markdown history.

What does NAICS 424310 cover?

Piece goods, notions, and other dry goods merchant wholesalers. Industry level code in NAICS 2022, under 42 Wholesale trade, 424 Merchant wholesalers, nondurable goods, 4243 Apparel, piece goods, and notions merchant wholesalers, 42431 Piece goods, notions, and other dry goods merchant wholesalers.

What financing do NAICS 424310 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 424310?

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.