Powered by LevrNAICS 523150: Investment banking and securities intermediation
NAICS 523150 is the industry code for investment banking and securities intermediation. Use it on loan applications, tax forms and registrations. Explore financing for professional services and start your application when you are ready.
What 523150 covers
Investment banking and securities intermediation includes investment banks, securities brokers and dealers that underwrite or trade securities for others.
New code in NAICS 2022, combining investment banking (523110) and securities brokerage (523120).
Included in this code
- Investment banks
- Securities brokerages
- Broker dealers
- Underwriters
Not this code
- Commodity brokers: see 523160 Commodity contracts intermediation
- Portfolio managers: see 523940 Portfolio management and investment advice
- Exchanges: see 523210 Securities and commodity exchanges
Businesses that use 523150
Financing for this trade
Broker dealers fund operations with FINRA approved subordinated loans, bank lines and equity, and advisers buying practices use term loans. Lenders review net capital compliance, revenue mix and producer retention.
Apply for funding with AIIs 523150 the right code for a broker dealer?
Yes, if you underwrite securities, broker trades or deal securities. Investment advisers use 523940. Owners in this trade most often weigh it against 523160 (commodity contracts intermediation) and 523940 (portfolio management and investment advice). 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 523150?
The SBA size standard for 523150 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 broker dealer 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 broker dealers finance operations?
They use subordinated loans approved by FINRA, bank lines and equity. Lenders review net capital compliance and revenue mix. 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 523150 cover?
Investment banking and securities intermediation. Industry level code in NAICS 2022, under 52 Finance and insurance, 523 Securities, commodity contracts, and other financial investments and related activities, 5231 Securities and commodity contracts intermediation and brokerage, 52315 Investment banking and securities intermediation.
What financing do NAICS 523150 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 523150?
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.