NAICS 314910 Quarterly Industry Report
Textile Bag and Canvas Mills
Comprehensive industry research for valuation professionals, business owners, buyers, and lenders
NAICS Code: 314910Sector: 31Updated: Q1 2026
About This Report
This Fair Market Value industry report for NAICS 314910 provides business owners, acquirers, and financial advisors with data-driven valuation insights for the textile bag and canvas manufacturing sector, drawing on data from the U.S. Census Bureau[5] and SBA lending records. Additional data is drawn from Bureau of Labor Statistics[9].. The report aggregates transaction multiples, financial benchmarks, and market trends specific to NAICS 314910 establishments, supporting buy-sell agreements, succession planning, SBA-financed acquisitions, and litigation support engagements.
Industry Snapshot
Key metrics for the textile bag and canvas mills industry.
Industry Definition & Overview
Textile Bag and Canvas Mills (NAICS 314910) encompasses establishments primarily engaged in manufacturing textile bags or other canvas and canvas-like products from purchased textile fabrics or yarns, including awnings, sails, tarpaulins, tents, equipment covers, and industrial bags. The industry serves diverse end markets spanning military, construction, agriculture, marine, outdoor recreation, and industrial packaging. According to the U.S. Census Bureau[5], over 800 active establishments operate in this sector, employing nearly 20,000 workers and producing a wide range of fabricated textile products for commercial, government, and consumer customers.
The industry benefits from steady demand across its diversified end markets, with military and government contracts providing baseline revenue stability while commercial construction, outdoor recreation, and agricultural markets drive cyclical growth. Several SBA Office of Advocacy[6] notes that the vast majority of textile bag and canvas manufacturers qualify as small businesses, competing on custom fabrication capability, short lead times, and the ability to produce specialized products in quantities too small for overseas contractors.
Regulatory requirements include OSHA[7] workplace safety standards for cutting, sewing, and industrial heat-sealing equipment. Military and government contracts impose Berry Amendment compliance requiring domestic sourcing of textile materials and labor. Environmental compliance under EPA[8] regulations applies to operations involving chemical treatments such as waterproofing, flame retardant application, and UV stabilizer treatments applied to finished canvas and tent products.
What's Included in This Industry
- Valuation multiples benchmarked to textile bag and canvas manufacturers
- Revenue and EBITDA trends for awning, tent, and industrial bag producers
- SBA lending data and financing terms for NAICS 314910
- Comparable transaction data from fabricated textile product M&A activity
- Industry risk factors including military contract dependency and material costs
- Workforce composition and labor cost benchmarks for canvas fabrication
- Regional market analysis across domestic canvas product manufacturing centers
- Customer channel analysis covering military, construction, and recreation buyers
- Growth projections tied to outdoor recreation and military spending trends
- Owner compensation and discretionary earnings benchmarks
NAICS Classification Hierarchy
| Level | Description | Code |
|---|---|---|
| Subsector | Textile Product Mills | 314 |
| Industry Group | Other Textile Product Mills | 3149 |
| NAICS Industry | Textile Bag and Canvas Mills | 31491 |
| National Industry | Textile Bag and Canvas Mills | 314910 |
Related NAICS Codes
| Code | Description | Relationship |
|---|---|---|
| 314120 | Curtain and Linen Mills | Curtain and linen mills sharing similar cutting and sewing capabilities with overlapping equipment types, workforce skills, and fabric sourcing networks |
| 314999 | All Other Miscellaneous Textile Product Mills | All other miscellaneous textile product mills producing related fabricated textile items using comparable manufacturing processes and equipment |
| 313210 | Broadwoven Fabric Mills | Broadwoven fabric mills supplying canvas, duck, and industrial fabric materials used as primary inputs for bag and cover manufacturing |
| 313320 | Fabric Coating Mills | Fabric coating mills applying waterproofing, flame retardant, and UV protection coatings to canvas and tent fabrics before fabrication |
| 339920 | Sporting and Athletic Goods Manufacturing | Sporting goods manufacturers producing outdoor recreation products including tents and packs that overlap with canvas mill product categories |
| 314994 | Rope, Cordage, Twine, Tire Cord, and Tire Fabric Mills | Rope, cordage, and twine mills producing related textile products that share industrial and marine end-market distribution channels |
Geographic Concentration
Top states by share of national establishments.
| # | State | % Est. | Total Est. |
|---|---|---|---|
| 1 | California | 10.7% | 148 |
| 2 | Florida | 10.5% | 146 |
| 3 | New York | 5.6% | 78 |
| 4 | Texas | 5.2% | 72 |
| 5 | Ohio | 4.3% | 60 |
| 6 | Pennsylvania | 3.6% | 50 |
| 7 | Illinois | 3.2% | 44 |
| 8 | Michigan | 3.1% | 43 |
| 9 | New Jersey | 3.1% | 43 |
| 10 | Washington | 2.9% | 40 |
% Of Establishments
0%
11%
Source: County Business Patterns, U.S. Census Bureau[3]
SBA Lending Summary
48
Total SBA Loans
$64.6M
Total Loan Volume
$1.3M
Average Loan Size
17 yrs
Average Loan Term
8.92%
Average Interest Rate
992
Jobs Supported
Source: SBA 7(a) Program Data, U.S. Small Business Administration — FY 2025[4]
Key Insight: Textile bag and canvas mills seeking SBA financing typically qualify under the SBA size standards[10] for NAICS 314910, which set the threshold at 500 employees for small business classification. The SBA 7(a) loan program[11] provides up to $5 million for business acquisitions, cutting and fabrication equipment upgrades, and working capital. Regional CDC/504 loan program[12] offers long-term fixed-rate financing for facility expansion and major equipment purchases. Government contract history and Berry Amendment compliance certification represent valuable intangible assets that strengthen SBA loan applications for canvas manufacturers.
Top SBA Lenders
| # | Lender | Loans | Volume | Avg Loan |
|---|---|---|---|---|
| 1 | Readycap Lending, LLC | 8 | $40.0M | $5.0M |
| 2 | Bank of America, National Association | 8 | $17.3M | $2.2M |
| 3 | Fulton Bank, National Association | 16 | $4.2M | $264K |
| 4 | Newtek Bank, National Association | 8 | $2.8M | $350K |
| 5 | Maine Community Bank | 8 | $346K | $43K |
Frequently Asked Questions
Common questions about this industry.
What is the typical valuation multiple for a textile bag or canvas manufacturer?
Textile bag and canvas manufacturers typically trade at 3x to 6x EBITDA, with operations holding active military contracts and Berry Amendment certifications commanding premium multiples. Custom awning and marine canvas fabricators with strong local market positions also achieve above-average valuations. Per U.S. Census Bureau[5] data, the sector's diverse end-market exposure provides valuation stability compared to single-market textile producers.
What SBA loan options are available for acquiring a canvas manufacturing business?
The SBA 7(a) loan program[11] provides up to $5 million for acquisitions and equipment upgrades, while the CDC/504 program[12] finances facility improvements and major cutting equipment. Government contracting certifications and Berry Amendment compliance status represent transferable assets that lenders consider positively in underwriting decisions.
What are the main revenue drivers for canvas manufacturers?
Revenue depends on end-market diversification across military, commercial, marine, and recreation segments, custom fabrication capability, and government contracting relationships. Operations with GSA schedule contracts or established relationships with military procurement channels generate more predictable revenue than those dependent solely on commercial markets.
What regulatory requirements affect NAICS 314910 businesses?
Manufacturers must comply with OSHA[7] standards for cutting and sewing equipment safety. Military and government contracts require Berry Amendment compliance ensuring domestic material sourcing and labor. Per EPA[8] regulations, chemical treatment operations including waterproofing and flame retardant application must meet air emission and wastewater standards.
How do military contracts affect canvas manufacturer valuations?
Active military contracts with past performance history can add 1-2x to EBITDA multiples because they provide predictable revenue, government payment reliability, and barriers to competitive entry through security clearances and performance certifications. Berry Amendment compliance and CAGE codes represent transferable intangible assets. Per SBA[13] data, government-contracting canvas manufacturers typically demonstrate stronger and more predictable cash flows.
What equipment is needed for canvas and bag manufacturing?
Core equipment includes industrial cutting tables (manual or CNC), heavy-duty sewing machines, grommet and snap installation equipment, heat-welding machines for coated fabrics, and packaging systems. CNC cutting systems range from $50,000 to $300,000 depending on cutting bed size and automation. Per Bureau of Labor Statistics[14] data, sewing labor remains the primary production cost for most canvas fabricators.
What growth opportunities exist for canvas manufacturers?
Growth areas include tension fabric structures for events and commercial applications, solar panel protective covers, portable military shelter systems, custom marine canvas programs, and sustainable product lines using recycled and bio-based fabrics. The U.S. Census Bureau[5] tracks expanding demand for fabricated textile products driven by outdoor recreation growth and military modernization programs.
What workforce challenges do canvas manufacturers face?
Key challenges include recruiting skilled industrial sewing operators, training staff for CNC cutting system operation, and maintaining experienced estimators who can accurately quote custom fabrication projects. Per Bureau of Labor Statistics[14] data, textile product manufacturing employment has contracted alongside broader industry consolidation, reducing the available pool of workers with industrial sewing expertise.
Sources & References
Government datasets and editorial sources used in this report.
- [1]U.S. Bureau of Labor Statistics, Quarterly Census of Employment and Wages bls.gov
- [2]U.S. Census Bureau, Economic Census census.gov
- [3]U.S. Census Bureau, County Business Patterns census.gov
- [4]U.S. Small Business Administration, SBA 7(a) Loan Program Data data.sba.gov
- [5]U.S. Census Bureau census.gov
- [6]SBA Office of Advocacy advocacy.sba.gov
- [7]OSHA osha.gov
- [8]EPA epa.gov
- [9]Bureau of Labor Statistics bls.gov
- [10]SBA size standards sba.gov
- [11]SBA 7(a) loan program sba.gov
- [12]CDC/504 loan program sba.gov
- [13]SBA sba.gov
- [14]Bureau of Labor Statistics bls.gov
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