Powered by LevrNAICS 522210: Credit card issuing
NAICS 522210 is the industry code for credit card issuing. Use it on loan applications, tax forms and registrations. Explore financing for professional services and start your application when you are ready.
What 522210 covers
Credit card issuers extend credit by issuing credit cards. Private label store card programs are included.
Included in this code
- Credit card issuers
- Charge card issuers
- Private label card issuers
Not this code
- Payment processing: see 522320 Financial transactions processing, reserve, and clearinghouse activities
- Consumer lending: see 522291 Consumer lending
- Banks: see 522110 Commercial banking
Businesses that use 522210
Financing for this trade
Card issuers fund receivables with warehouse lines from banks and securitizations of card balances, and bank issuers also use deposits. Lenders look at charge off rates, delinquency trends and portfolio yield.
Apply for funding with AIIs 522210 the right code for a credit card issuer?
Yes, if your main activity is issuing credit cards and extending credit through them. Payment processors use 522320. If your work overlaps, also read the definitions for 522320 (financial transactions processing, reserve, and clearinghouse activities) and 522291 (consumer lending), then choose the code that matches your largest source of revenue.
What is the SBA size standard for 522210?
The SBA size standard for 522210 is $850M in total assets. SBA averages the assets reported on the institution's last four quarterly financial statements and includes affiliates. A credit card issuer 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 card issuers fund receivables?
Issuers use warehouse credit facilities and securitization of card receivables, plus deposits for bank issuers. Lenders review charge off rates and portfolio yields. Most lenders want two years of tax returns, year to date financial statements and a current debt schedule, and they size payments so cash flow covers debt service comfortably.
What does NAICS 522210 cover?
Credit card issuing. Industry level code in NAICS 2022, under 52 Finance and insurance, 522 Credit intermediation and related activities, 5222 Nondepository credit intermediation, 52221 Credit card issuing.
What financing do NAICS 522210 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 522210?
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.