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NAICS 424340, industry

NAICS 424340: Footwear merchant wholesalers

NAICS 424340 is the industry code for footwear 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 424340 covers

This code covers wholesalers of all kinds of footwear, including athletic shoes, boots, slippers and work shoes, sold to retailers and businesses.

Included in this code

  • Shoe wholesale
  • Athletic footwear
  • Work and safety boots
  • Slippers and sandals
  • Shoe importers

Not this code

Businesses that use 424340

Shoe importerWork boot distributorAthletic shoe wholesaler

Financing for this trade

Footwear wholesalers rely on factoring and purchase order financing to import product, then asset based lines for retailer receivables. Lenders review seasonality, retailer chargebacks and inventory aging by style.

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Is 424340 the right code for a footwear wholesaler?

Yes, if you buy shoes, boots or other footwear and resell them in bulk to retailers, uniform companies or online sellers. Retail shoe stores use 458210, and companies that design shoes and contract manufacturing may still fit here when they mainly sell wholesale.

What is the SBA size standard for 424340?

The SBA size standard for 424340 is 200 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 footwear wholesaler under that headcount counts as small for SBA 7(a) and 504 loans and for federal small business contracts, whatever its revenue.

What financing do shoe importers use?

Factoring is common for footwear, since retailers pay on 60 day terms and factors also take credit risk on the store. Purchase order financing and letters of credit pay overseas factories. Larger brands move to asset based lines. Lenders watch season by season sell through and how much stock is left at markdown.

What does NAICS 424340 cover?

Footwear 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, 42434 Footwear merchant wholesalers.

What financing do NAICS 424340 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 424340?

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.