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NAICS 541618, industry

NAICS 541618: Other management consulting services

NAICS 541618 is the industry code for other 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.

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What 541618 covers

This is the catchall for management consulting not classified as general, HR, marketing or logistics consulting. Telecommunications consulting, utilities consulting and other niche operating advice commonly fall here.

Included in this code

  • Telecommunications consulting
  • Utilities management consulting
  • Hospitality operations consulting
  • Niche operating consultancies
  • Restaurant consulting

Not this code

Businesses that use 541618

Telecom consulting firmUtility rate consultantRestaurant operations consultant

Financing for this trade

Consultants here finance with lines of credit, receivables factoring and SBA 7(a) loans, and business cards for travel. Lenders look at retainer revenue, contract terms and client concentration, since the business has little collateral.

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Is 541618 the right code for a specialized consulting firm not covered elsewhere?

Yes, if your consulting is management advice in a specialty that other 5416 codes do not cover, such as telecommunications, utilities or restaurant operations consulting. If your advice is general strategy, 541611 is better. Technical or scientific advice such as agricultural or energy engineering consulting belongs in 541690, and environmental advice in 541620.

What is the SBA size standard for 541618?

SBA sets the size standard for 541618 at $19 million in average annual receipts, averaged over the last five completed fiscal years and counting affiliates. Specialized management consultants 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 specialized management consultants fall well inside the limit, so size is rarely what decides an SBA application.

What financing do niche consultancies use?

The usual mix is a business line of credit, invoice factoring for slow paying corporate or utility clients, and SBA 7(a) loans for growth. Lenders focus on recurring engagements, the spread of clients, and the owner's personal credit, because few hard assets secure the loan.

What does NAICS 541618 cover?

Other 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 541618 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 541618?

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.