Powered by LevrNAICS 532281: Formal wear and costume rental
NAICS 532281 is the industry code for formal wear and costume rental. Use it on loan applications, tax forms and registrations. Explore financing for professional services and start your application when you are ready.
What 532281 covers
Formal wear and costume rental businesses rent tuxedos, gowns and costumes. Bridal gown rental shops are included.
Included in this code
- Tuxedo rental
- Costume rental
- Bridal gown rental
Not this code
- Clothing stores: see 458110 Clothing and clothing accessories retailers
- Party equipment rental: see 532289 All other consumer goods rental
- Dry cleaners: see 812320 Drycleaning and laundry services (except coin-operated)
Businesses that use 532281
Financing for this trade
Formal wear and costume shops use inventory financing for rental stock and SBA 7(a) loans for buildouts or buying a shop. Lenders look at wedding and prom seasonality and lease terms.
Apply for funding with AIIs 532281 the right code for a formal wear and costume rental?
Yes, if you mainly rent formal wear or costumes. Stores selling clothing use 458110. If your work overlaps, also read the definitions for 458110 (clothing and clothing accessories retailers) and 532289 (all other consumer goods rental), then choose the code that matches your largest source of revenue.
What is the SBA size standard for 532281?
The SBA size standard for 532281 is $25M 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 formal wear and costume rental 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 formal wear rental shop?
SBA 7(a) loans and inventory financing fund rental stock, and lenders look at wedding and prom seasonality. 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 532281 cover?
Formal wear and costume rental. Industry level code in NAICS 2022, under 53 Real estate and rental and leasing, 532 Rental and leasing services, 5322 Consumer goods rental, 53228 Other consumer goods rental.
What financing do NAICS 532281 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 532281?
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.