Powered by LevrNAICS 522110: Commercial banking
NAICS 522110 is the industry code for commercial banking. Use it on loan applications, tax forms and registrations. Explore financing for professional services and start your application when you are ready.
What 522110 covers
Commercial banks accept deposits and make loans to businesses and consumers, including community banks and national banks.
Included in this code
- Commercial banks
- Community banks
- National banks
- Bank holding company banking operations
Not this code
- Credit unions: see 522130 Credit unions
- Savings institutions: see 522180 Savings institutions and other depository credit intermediation
- Bank holding companies not operating banks: see 551111 Offices of bank holding companies
Businesses that use 522110
Financing for this trade
Banks raise capital with equity and holding company debt. Lenders review capital ratios and regulatory standing.
Apply for funding with AIIs 522110 the right code for a bank?
Yes, if you operate a chartered commercial bank accepting deposits and making loans. Credit unions use 522130, and savings banks use 522180. The closest alternatives are 522130 (credit unions) and 522180 (savings institutions and other depository credit intermediation). 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 522110?
The SBA size standard for 522110 is $850M in total assets. SBA averages the assets reported on the institution's last four quarterly financial statements and includes affiliates. A bank under that line counts as small for federal small business contracts and other SBA size determinations, although lending and passive investment businesses are generally not eligible for SBA 7(a) loans.
How do community banks raise capital?
Banks raise equity, subordinated debt and holding company loans from correspondent banks. Lenders look at capital ratios, asset quality and regulatory exam results. A broker who works with many lenders can line up bank, SBA and alternative offers side by side, which often matters more than chasing the lowest headline price.
What does NAICS 522110 cover?
Commercial banking. Industry level code in NAICS 2022, under 52 Finance and insurance, 522 Credit intermediation and related activities, 5221 Depository credit intermediation, 52211 Commercial banking.
What financing do NAICS 522110 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 522110?
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.