Powered by LevrNAICS 424480: Fresh fruit and vegetable merchant wholesalers
NAICS 424480 is the industry code for fresh fruit and vegetable 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 424480 covers
Wholesalers here sell fresh fruits and vegetables to grocers, restaurants and processors. It includes produce terminal market dealers, packers that buy and resell, and importers.
Included in this code
- Fresh fruit and vegetable wholesale
- Produce terminal market dealers
- Produce importers
- Packing and repacking for resale
Not this code
- Fruit and vegetable markets selling to the public: see 445230 Fruit and vegetable retailers
- Growing produce: see 111219 Other vegetable (except potato) and melon farming
- Frozen fruit and vegetables: see 424420 Packaged frozen food merchant wholesalers
Businesses that use 424480
Financing for this trade
Produce wholesalers use receivables lines and factoring, plus reefer truck and cooler financing. Lenders review PACA trust exposure, perishability and seasonality.
Apply for funding with AIIs 424480 the right code for a produce distributor?
Yes, if you buy and resell fresh fruits and vegetables to retailers, restaurants or other wholesalers, including repacking. Growers who mainly sell their own crops use farm codes, and packing houses that only provide services on a fee basis use 115114. Retail produce stands use 445230.
What is the SBA size standard for 424480?
The SBA size standard for 424480 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 produce distributor 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 produce distributors use?
Lines of credit and factoring are common, but lenders consider the federal PACA trust, which gives growers priority claims on produce receivables. Reefer trucks and coolers are financed with equipment loans. Lenders look at seasonality, spoilage and how quickly grocers and restaurants pay.
What does NAICS 424480 cover?
Fresh fruit and vegetable merchant wholesalers. Industry level code in NAICS 2022, under 42 Wholesale trade, 424 Merchant wholesalers, nondurable goods, 4244 Grocery and related product merchant wholesalers, 42448 Fresh fruit and vegetable merchant wholesalers.
What financing do NAICS 424480 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 424480?
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.