Powered by LevrNAICS 541380: Testing laboratories and services
NAICS 541380 is the industry code for testing laboratories and services. Use it on loan applications, tax forms and registrations. Explore financing for professional services and start your application when you are ready.
What 541380 covers
Testing labs analyze materials, products and samples for physical, chemical, electrical and other properties and certify that they meet a standard. Examples include environmental testing, materials and soils testing, product safety and EMC testing, and food or cannabis potency testing. Medical and dental labs that test patient samples are classified elsewhere.
Included in this code
- Environmental and water testing labs
- Soils and construction materials testing
- Product safety and certification testing
- Electrical and EMC testing
- Food and agricultural testing
- Cannabis potency and contaminant testing
- Nondestructive testing services
Not this code
- Medical and clinical laboratories: see 621511 Medical laboratories
- Dental laboratories: see 339116 Dental laboratories
- Veterinary testing within a clinic: see 541940 Veterinary services
Businesses that use 541380
Financing for this trade
Testing labs are equipment heavy, so they finance mass spectrometers, chromatographs, test chambers and NDT gear through equipment loans and leases, and use SBA 7(a) or 504 loans for buildouts and lab real estate. Lenders look at accreditations such as ISO 17025, recurring client contracts and how quickly receivables from engineering and government clients are paid.
Apply for funding with AIIs 541380 the right code for a testing laboratory?
Yes, if you test materials or products for clients and report results against a standard. Environmental labs, construction materials testers, nondestructive testing firms, product safety and EMC labs, and food or cannabis testing labs fit here. Labs that test human specimens for doctors belong in 621511, and companies doing experimental research rather than routine testing usually belong in 541715.
What is the SBA size standard for 541380?
SBA sets the size standard for 541380 at $19 million in average annual receipts, averaged over the last five completed fiscal years and counting affiliates. Testing laboratories at or under that figure qualify as small businesses for SBA 7(a) and 504 loans and for federal small business set asides. Most independent testing laboratories fall well inside the limit, so size is rarely what decides an SBA application.
How do testing laboratories finance lab equipment?
Most use equipment loans or leases for instruments like mass spectrometers, chromatographs and environmental chambers, often with the instrument as the only collateral. Lab buildouts and owned facilities are a good fit for SBA 504 or 7(a) loans. Lenders want to see accreditation, a base of repeat clients, and receivables that turn in a reasonable time.
What does NAICS 541380 cover?
Testing laboratories and services. Industry level code in NAICS 2022, under 54 Professional, scientific, and technical services, 541 Professional, scientific, and technical services, 5413 Architectural, engineering, and related services, 54138 Testing laboratories and services.
What financing do NAICS 541380 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 541380?
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.