Powered by LevrNAICS 532112: Passenger car leasing
NAICS 532112 is the industry code for passenger car leasing. Use it on loan applications, tax forms and registrations. Explore financing for professional services and start your application when you are ready.
What 532112 covers
Passenger car leasing businesses lease cars without drivers for long periods, usually a year or more.
Included in this code
- Passenger car leasing
- Fleet leasing for businesses
- Auto leasing companies
Not this code
- Car rental: see 532111 Passenger car rental
- Auto finance companies: see 522220 Sales financing
- Truck leasing: see 532120 Truck, utility trailer, and RV (Recreational vehicle) rental and leasing
Businesses that use 532112
Financing for this trade
Leasing companies fund fleets with bank warehouse lines and securitizations backed by lease payments. Lenders review residual value assumptions, lessee credit and fleet remarketing results.
Apply for funding with AIIs 532112 the right code for a car leasing company?
Yes, if you lease cars for a year or longer. Short term rental uses 532111, and finance companies making car loans use 522220. The closest alternatives are 532111 (passenger car rental) and 522220 (sales financing). 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 532112?
The SBA size standard for 532112 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 car leasing company at or below that figure counts as small for SBA 7(a) and 504 loans and for federal small business contracts.
How do auto leasing companies fund leases?
They use bank warehouse lines and securitizations backed by lease payments and residual values. Lenders review residual value assumptions and lessee credit. Businesses within the $47M SBA size standard can also use SBA 7(a) loans of up to $5 million for working capital, equipment or a buyout, and SBA 504 loans for owner occupied buildings.
What does NAICS 532112 cover?
Passenger car leasing. Industry level code in NAICS 2022, under 53 Real estate and rental and leasing, 532 Rental and leasing services, 5321 Automotive equipment rental and leasing, 53211 Passenger car rental and leasing.
What financing do NAICS 532112 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 532112?
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.