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NAICS 424720, industry

NAICS 424720: Petroleum and petroleum products merchant wholesalers (except bulk stations and terminals)

NAICS 424720 is the industry code for petroleum and petroleum products merchant wholesalers (except bulk stations and terminals). 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 424720 covers

Businesses here wholesale petroleum products without operating bulk stations, including fuel brokers, marketers who deliver directly from refineries or terminals, and lubricant distributors.

Included in this code

  • Fuel marketers without bulk storage
  • Lubricant and motor oil wholesale
  • Petroleum brokers that take title
  • Fleet fueling services that sell fuel

Not this code

Businesses that use 424720

Lubricant distributorFuel marketerMobile fleet fueling company

Financing for this trade

Fuel marketers use receivables lines and letters of credit to secure supply, plus truck financing for fleet fueling. Lenders watch price swings, customer credit and environmental insurance.

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Is 424720 the right code for a fuel wholesaler?

Yes, if you sell fuel, lubricants or other petroleum products wholesale without owning bulk storage tanks or a terminal. Mobile fleet fueling companies and lubricant distributors fit here. If you run a bulk plant, use 424710, and if you deliver heating oil to homes, use 457210.

What is the SBA size standard for 424720?

The SBA size standard for 424720 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 fuel 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 works for a fuel marketer or lubricant distributor?

Suppliers often require letters of credit or standby guarantees, so a line of credit with a letter of credit sublimit is common. Receivables financing helps because fleets and contractors pay on terms. Fuel trucks are financed with equipment loans. Lenders study margins per gallon and customer credit.

What does NAICS 424720 cover?

Petroleum and petroleum products merchant wholesalers (except bulk stations and terminals). Industry level code in NAICS 2022, under 42 Wholesale trade, 424 Merchant wholesalers, nondurable goods, 4247 Petroleum and petroleum products merchant wholesalers, 42472 Petroleum and petroleum products merchant wholesalers (except bulk stations and terminals).

What financing do NAICS 424720 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 424720?

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.