Powered by LevrNAICS 523991: Trust, fiduciary, and custody activities
NAICS 523991 is the industry code for trust, fiduciary, and custody activities. Use it on loan applications, tax forms and registrations. Explore financing for professional services and start your application when you are ready.
What 523991 covers
Trust, fiduciary and custody activities include trust companies, custodians and fiduciary agents that manage assets for others under trust arrangements.
Included in this code
- Trust companies not taking deposits
- Custodians of securities
- Fiduciary agencies
- Escrow agents for securities
Not this code
- Banks with trust departments: see 522110 Commercial banking
- Portfolio managers: see 523940 Portfolio management and investment advice
- Estates and trusts themselves: see 525920 Trusts, estates, and agency accounts
Businesses that use 523991
Financing for this trade
Trust companies fund operations with equity and modest bank lines, and acquisitions with term loans. Lenders value recurring fee income and client retention.
Apply for funding with AIIs 523991 the right code for a trust company?
Yes, if you act as trustee, custodian or fiduciary for client assets without taking deposits. Banks offering trust services use 522110, and the trusts themselves use 525920. The closest alternatives are 523940 (portfolio management and investment advice) and 525920 (trusts, estates, and agency accounts). Use whichever matches your largest revenue stream, and keep it consistent across tax filings, SBA forms and lender applications.
What is the SBA size standard for 523991?
The SBA size standard for 523991 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 trust 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 independent trust companies finance growth?
They usually grow with equity and retained earnings, and acquisitions of trust books use term loans valued on recurring fee revenue. State capital requirements limit how much they can borrow. Lenders review assets under administration, fee schedules and regulatory exams.
What does NAICS 523991 cover?
Trust, fiduciary, and custody activities. Industry level code in NAICS 2022, under 52 Finance and insurance, 523 Securities, commodity contracts, and other financial investments and related activities, 5239 Other financial investment activities, 52399 All other financial investment activities.
What financing do NAICS 523991 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 523991?
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.