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NAICS 424590, industry

NAICS 424590: Other farm product raw material merchant wholesalers

NAICS 424590 is the industry code for other farm product raw material 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 424590 covers

Wholesalers here deal in farm products other than grain and livestock, such as raw cotton, leaf tobacco, wool, hides, hay, nuts in the shell and other unprocessed agricultural goods.

Included in this code

  • Raw cotton merchants
  • Leaf tobacco dealers
  • Hay and feed hay dealers
  • Wool and mohair dealers
  • Hides and skins
  • Raw nuts and seeds

Not this code

Businesses that use 424590

Cotton merchantHay brokerHide dealerLeaf tobacco buyer

Financing for this trade

Merchants here use seasonal commodity lines, warehouse receipt financing and export letters of credit. Lenders focus on price volatility and storage quality.

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Is 424590 the right code for a farm product raw materials wholesaler?

Yes, if you buy and resell unprocessed farm products other than grain and livestock, such as raw cotton, hay, wool, hides or leaf tobacco. Grain elevators use 424510, and livestock dealers use 424520. Cotton gins that process cotton use 115111.

What is the SBA size standard for 424590?

The SBA size standard for 424590 is 175 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 farm product raw materials 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 cotton and hay merchants use?

Seasonal lines from agricultural lenders, warehouse receipt loans and export trade finance are typical. Hay dealers also finance trucks and storage barns. Lenders want commodity hedging or contracts in hand, plus storage and insurance details, and they look at how long product sits before it is sold.

What does NAICS 424590 cover?

Other farm product raw material merchant wholesalers. Industry level code in NAICS 2022, under 42 Wholesale trade, 424 Merchant wholesalers, nondurable goods, 4245 Farm product raw material merchant wholesalers, 42459 Other farm product raw material merchant wholesalers.

What financing do NAICS 424590 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 424590?

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.