Powered by LevrNAICS 522220: Sales financing
NAICS 522220 is the industry code for sales financing. Use it on loan applications, tax forms and registrations. Explore financing for professional services and start your application when you are ready.
What 522220 covers
Sales financing companies provide financing for buying goods through installment contracts, such as auto finance companies, equipment finance companies and floor plan lenders.
Included in this code
- Auto finance companies
- Equipment finance companies
- Floor plan lenders
- Captive finance companies
- Buy now pay later lenders
Not this code
- Consumer lending: see 522291 Consumer lending
- Equipment leasing: see 532490 Other commercial and industrial machinery and equipment rental and leasing
- Real estate credit: see 522292 Real estate credit
Businesses that use 522220
Financing for this trade
Finance companies fund portfolios with warehouse lines, securitizations and bank credit facilities. Lenders review loss rates and collateral.
Apply for funding with AIIs 522220 the right code for an equipment finance company?
Yes, if you finance the purchase of goods through installment contracts, such as auto or equipment loans. Leasing companies that own and lease equipment use 532 codes. Owners in this trade most often weigh it against 522291 (consumer lending) and 532490 (other commercial and industrial machinery and equipment rental and leasing). 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 522220?
The SBA size standard for 522220 is $47M in average annual receipts. SBA averages total gross receipts over the last five completed fiscal years and adds in any affiliates under common control. An equipment finance company at or below that figure 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 equipment and auto finance companies fund their loans?
They use bank warehouse lines, securitizations and forward flow agreements. Lenders review portfolio performance, advance rates and servicing capability. 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 522220 cover?
Sales financing. Industry level code in NAICS 2022, under 52 Finance and insurance, 522 Credit intermediation and related activities, 5222 Nondepository credit intermediation, 52222 Sales financing.
What financing do NAICS 522220 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 522220?
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.