Powered by LevrNAICS 512240: Sound recording studios
NAICS 512240 is the industry code for sound recording studios. Use it on loan applications, tax forms and registrations. Explore financing for technology and start your application when you are ready.
What 512240 covers
Sound recording studios provide studio facilities and engineering for recording music and audio. Podcast and voiceover studios renting time are included.
Included in this code
- Recording studios
- Audio engineering services
- Podcast studios
- Voiceover studios
Not this code
- Record labels: see 512250 Record production and distribution
- Postproduction: see 512191 Teleproduction and other postproduction services
- Radio stations: see 516110 Radio broadcasting stations
Businesses that use 512240
Financing for this trade
Studios finance consoles, microphones and buildouts with equipment and SBA loans. Lenders look at booking rates.
Apply for funding with AIIs 512240 the right code for a recording studio?
Yes, if you rent studio time and engineering for recording music, podcasts or voiceovers. Record labels use 512250. The closest alternatives are 512250 (record production and distribution) and 512191 (teleproduction and other postproduction services). 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 512240?
The SBA size standard for 512240 is $11M 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 recording studio at or below that figure counts as small for SBA 7(a) and 504 loans and for federal small business contracts.
What financing helps a recording studio?
Consoles, microphones and acoustic buildouts are financed with equipment loans and SBA 7(a) loans. Lenders look at booking history and lease terms. Businesses within the $11M 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 512240 cover?
Sound recording studios. Industry level code in NAICS 2022, under 51 Information, 512 Motion picture and sound recording industries, 5122 Sound recording industries, 51224 Sound recording studios.
What financing do NAICS 512240 businesses use?
Equipment financing, working capital, SBA loans and invoice factoring are the products placed most for technology businesses. Start an application and the AI matches the deal to lenders that fund this code.
Where do I put NAICS 512240?
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.