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NAICS 522310, industry

NAICS 522310: Mortgage and nonmortgage loan brokers

NAICS 522310 is the industry code for mortgage and nonmortgage loan brokers. Use it on loan applications, tax forms and registrations. Explore financing for professional services and start your application when you are ready.

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What 522310 covers

Mortgage and nonmortgage loan brokers arrange loans for borrowers with lenders, earning fees or commissions without funding the loans themselves. Commercial loan brokers and mortgage brokers both fall here.

Included in this code

  • Mortgage brokers
  • Business loan brokers
  • Commercial loan brokers
  • Equipment finance brokers
  • SBA loan packagers

Not this code

Businesses that use 522310

Commercial loan brokerMortgage brokerSBA loan packagerEquipment finance broker

Financing for this trade

Brokers use small lines of credit, SBA 7(a) loans to buy books of business and revenue based financing. Lenders look at commission income and licensing.

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Is 522310 the right code for a loan broker?

Yes, if you arrange loans for borrowers and earn fees or commissions without lending your own money. Lenders who fund loans use 522292 or 522299. Owners in this trade most often weigh it against 522292 (real estate credit) and 522390 (other activities related to credit intermediation). 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 522310?

The SBA size standard for 522310 is $15M 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 loan broker 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 loan brokerage grow?

Brokerages carry little collateral, so lenders focus on commission history. SBA 7(a) loans can buy another brokerage, and lines of credit cover marketing and payroll between commissions. Lenders review licensing, commission concentration by lender and deal flow. 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 522310 cover?

Mortgage and nonmortgage loan brokers. Industry level code in NAICS 2022, under 52 Finance and insurance, 522 Credit intermediation and related activities, 5223 Activities related to credit intermediation, 52231 Mortgage and nonmortgage loan brokers.

What financing do NAICS 522310 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 522310?

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.