Powered by LevrNAICS 522291: Consumer lending
NAICS 522291 is the industry code for consumer lending. Use it on loan applications, tax forms and registrations. Explore financing for professional services and start your application when you are ready.
What 522291 covers
Consumer lending businesses make unsecured personal loans to individuals, including installment lenders and payday lenders. Student loan lenders are included.
Included in this code
- Personal loan companies
- Installment lenders
- Payday lenders
- Student loan lenders
Not this code
- Credit card issuing: see 522210 Credit card issuing
- Pawn shops: see 522299 International, secondary market, and all other nondepository credit intermediation
- Sales financing: see 522220 Sales financing
Businesses that use 522291
Financing for this trade
Consumer lenders fund loans with warehouse lines from banks and private credit funds, forward flow sales and securitizations. Lenders review state licenses, loss rates, underwriting models and collections.
Apply for funding with AIIs 522291 the right code for a consumer lender?
Yes, if you make personal loans to consumers. Pawn shops and other nondepository lenders may use 522299. If your work overlaps, also read the definitions for 522210 (credit card issuing) and 522220 (sales financing), then choose the code that matches your largest source of revenue.
What is the SBA size standard for 522291?
The SBA size standard for 522291 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. A consumer lender 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 are consumer lenders funded?
Warehouse lines from banks and private credit funds, plus forward flow sales and securitizations. Lenders review state licenses, loss rates and compliance. 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 522291 cover?
Consumer lending. Industry level code in NAICS 2022, under 52 Finance and insurance, 522 Credit intermediation and related activities, 5222 Nondepository credit intermediation, 52229 Other nondepository credit intermediation.
What financing do NAICS 522291 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 522291?
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.