Powered by LevrNAICS 445131: Convenience retailers
NAICS 445131 is the industry code for convenience retailers. Use it on loan applications, tax forms and registrations. Explore financing for retail and start your application when you are ready.
What 445131 covers
Convenience retailers sell a limited line of groceries and quick purchase items such as snacks, drinks, tobacco, lottery and dairy, without selling fuel as the main business.
New code in NAICS 2022, replacing 445120 Convenience Stores.
Included in this code
- Convenience stores without gas
- Corner stores and bodegas
- Food marts
- Party stores selling groceries
Not this code
- Gas stations with convenience stores: see 457110 Gasoline stations with convenience stores
- Supermarkets: see 445110 Supermarkets and other grocery retailers (except convenience retailers)
- Liquor stores: see 445320 Beer, wine, and liquor retailers
Businesses that use 445131
Financing for this trade
Convenience store owners use SBA 7(a) loans to buy stores, equipment loans for coolers and lines of credit for inventory. Lenders review lottery and tobacco licenses, cash controls and lease terms.
Apply for funding with AIIs 445131 the right code for a convenience store?
Yes, if you run a small store selling snacks, drinks, basic groceries and tobacco and do not sell gasoline as a main line. If you sell fuel, use 457110 even if the store brings in most of the profit. Full grocery stores use 445110.
What is the SBA size standard for 445131?
The SBA size standard for 445131 is $37M in average annual receipts. SBA averages total gross receipts over the last five completed fiscal years and adds in any affiliates under common control. A convenience store at or below that figure counts as small for SBA 7(a) and 504 loans and for federal small business contracts.
How do people finance buying a convenience store?
SBA 7(a) loans are the most common route, often with 10 to 20 percent down, and seller financing can fill part of the gap. Lenders look at sales tax returns, lottery and tobacco receipts and the lease, since a short lease can sink the deal. Equipment loans cover coolers and point of sale systems.
What does NAICS 445131 cover?
Convenience retailers. Industry level code in NAICS 2022, under 44-45 Retail trade, 445 Food and beverage retailers, 4451 Grocery and convenience retailers, 44513 Convenience retailers and vending machine operators.
What financing do NAICS 445131 businesses use?
Equipment financing, working capital, SBA loans and invoice factoring are the products placed most for retail businesses. Start an application and the AI matches the deal to lenders that fund this code.
Where do I put NAICS 445131?
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.