Powered by LevrNAICS 532412: Construction, mining, and forestry machinery and equipment rental and leasing
NAICS 532412 is the industry code for construction, mining, and forestry machinery and equipment rental and leasing. Use it on loan applications, tax forms and registrations. Explore financing for professional services and start your application when you are ready.
What 532412 covers
Construction, mining and forestry machinery rental and leasing businesses rent heavy equipment such as excavators, loaders, cranes and dozers without operators.
Included in this code
- Heavy equipment rental
- Crane rental without operators
- Aerial lift rental
- Mining equipment leasing
Not this code
- Crane rental with operators: see 238990 All other specialty trade contractors
- General rental centers: see 532310 General rental centers
- Equipment dealers: see 423810 Construction and mining (except oil well) machinery and equipment merchant wholesalers
Businesses that use 532412
Financing for this trade
Rental companies finance fleets with equipment loans and asset based lines. Lenders look at utilization and resale.
Apply for funding with AIIs 532412 the right code for a construction equipment rental company?
Yes, if you rent heavy equipment without operators. Renting cranes with operators uses 238990. The closest alternatives are 532310 (general rental centers) and 238990 (all other specialty trade contractors). Use whichever matches your largest revenue stream, and keep it consistent across tax filings, SBA forms and lender applications.
What is the SBA size standard for 532412?
The SBA size standard for 532412 is $40M 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 construction equipment rental company at or below that figure counts as small for SBA 7(a) and 504 loans and for federal small business contracts.
What financing do heavy equipment rental companies use?
Equipment loans, leases and asset based lines fund fleets. Lenders look at time utilization, equipment age and resale values. Businesses within the $40M SBA size standard can also use SBA 7(a) loans of up to $5 million for working capital, equipment or a buyout, and SBA 504 loans for owner occupied buildings.
What does NAICS 532412 cover?
Construction, mining, and forestry machinery and equipment rental and leasing. Industry level code in NAICS 2022, under 53 Real estate and rental and leasing, 532 Rental and leasing services, 5324 Commercial and industrial machinery and equipment rental and leasing, 53241 Construction, transportation, mining, and forestry machinery and equipment rental and leasing.
What financing do NAICS 532412 businesses use?
Equipment financing, working capital, SBA loans and invoice factoring are the products placed most for professional services businesses. Start an application and the AI matches the deal to lenders that fund this code.
Where do I put NAICS 532412?
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.