Powered by LevrNAICS 455110: Department stores
NAICS 455110 is the industry code for department stores. Use it on loan applications, tax forms and registrations. Explore financing for retail and start your application when you are ready.
What 455110 covers
Department stores sell a broad range of general merchandise, including apparel, furniture, home goods and appliances, from separate departments in one store.
New code in NAICS 2022, replacing 452210 and including department store websites formerly in 454110.
Included in this code
- Full line department stores
- Discount department stores
- Online department store sites
Not this code
- Warehouse clubs and supercenters: see 455211 Warehouse clubs and supercenters
- Variety and dollar stores: see 455219 All other general merchandise retailers
- Clothing stores: see 458110 Clothing and clothing accessories retailers
Businesses that use 455110
Financing for this trade
Department stores use asset based lines secured by inventory and real estate loans. Lenders review inventory liquidation value and seasonal sales.
Apply for funding with AIIs 455110 the right code for a department store?
Yes, if your store sells a broad range of goods in separate departments, such as clothing, home goods and furniture. Dollar and variety stores use 455219, and warehouse clubs and supercenters use 455211. Owners in this trade most often weigh it against 455211 (warehouse clubs and supercenters) and 455219 (all other general merchandise retailers). The right choice is the activity that brings in the most revenue, used the same way on tax returns and loan applications.
What is the SBA size standard for 455110?
The SBA size standard for 455110 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 department store at or below that figure counts as small for SBA 7(a) and 504 loans and for federal small business contracts.
What financing do department stores use?
Asset based lines are standard, with advance rates set by appraised inventory liquidation value. Real estate and sale leaseback financing unlock value in owned stores. Lenders watch seasonal inventory peaks around the holidays and same store sales trends. Expect lenders to ask for receivables and payables agings, recent bank statements and a debt schedule, which also help a broker match the request to the right lender quickly.
What does NAICS 455110 cover?
Department stores. Industry level code in NAICS 2022, under 44-45 Retail trade, 455 General merchandise retailers, 4551 Department stores, 45511 Department stores.
What financing do NAICS 455110 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 455110?
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.