Powered by LevrNAICS 541611: Administrative management and general management consulting services
NAICS 541611 is the industry code for administrative management and general management consulting services. Use it on loan applications, tax forms and registrations. Explore financing for professional services and start your application when you are ready.
What 541611 covers
Firms here advise organizations on strategy, organization, operations, financial planning and general management. Strategy consultants, business advisors, fractional executives and general management consultancies are typical. Specialized consulting in HR, marketing or logistics has its own codes.
Included in this code
- Strategy consulting
- General management consulting
- Business planning and turnaround advisory
- Financial management consulting
- Organizational design consulting
- Fractional executive services
Not this code
- Human resources consulting: see 541612 Human resources consulting services
- Marketing consulting: see 541613 Marketing consulting services
- Accounting services: see 541211 Offices of certified public accountants
- Investment advice: see 523940 Portfolio management and investment advice
Businesses that use 541611
Financing for this trade
Consultancies have few hard assets, so lenders look at receivables and contracts: a line of credit or invoice factoring for slow paying clients, SBA 7(a) loans for working capital or buying another practice, and business credit cards for travel. Underwriting turns on retainer revenue, client concentration and the owner's personal credit.
Apply for funding with AIIs 541611 the right code for a management consulting firm?
Yes. 541611 is the right code for firms advising businesses or agencies on strategy, operations, organization and general management. Independent business consultants, turnaround advisors and fractional executives usually belong here. If your focus is HR, use 541612. Marketing strategy belongs in 541613, and accounting or tax work belongs in the 5412 codes.
What is the SBA size standard for 541611?
SBA sets the size standard for 541611 at $24.5 million in average annual receipts, averaged over the last five completed fiscal years and counting affiliates. Management consulting firms 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 management consulting firms fall well inside the limit, so size is rarely what decides an SBA application.
What financing do consulting firms use?
Most rely on a business line of credit or invoice factoring to bridge the gap between doing the work and getting paid on 30 to 90 day terms. SBA 7(a) loans fund hiring, office space and practice acquisitions. Lenders weigh retainer agreements, how many clients make up revenue, and both business and personal credit.
What does NAICS 541611 cover?
Administrative management and general management consulting services. Industry level code in NAICS 2022, under 54 Professional, scientific, and technical services, 541 Professional, scientific, and technical services, 5416 Management, scientific, and technical consulting services, 54161 Management consulting services.
What financing do NAICS 541611 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 541611?
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.