Powered by LevrNAICS 541690: Other scientific and technical consulting services
NAICS 541690 is the industry code for other scientific and technical 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 541690 covers
This code covers consulting on scientific and technical matters other than management or environmental issues. Examples include agricultural, energy, safety, physics, chemistry and economic consulting, and expert witness technical consulting.
Included in this code
- Energy efficiency consulting
- Agricultural consulting
- Safety consulting
- Economic consulting
- Chemical and physics consulting
- Technical expert witness services
- Motion picture technical consulting
Not this code
- Environmental consulting: see 541620 Environmental consulting services
- Engineering services: see 541330 Engineering services
- Research and development: see 541715 Research and development in the physical, engineering, and life sciences (except nanotechnology and biotechnology)
Businesses that use 541690
Financing for this trade
Technical consultancies borrow through lines of credit and receivables factoring for slow paying government and corporate clients, SBA 7(a) loans for hiring and acquisitions, and equipment loans for testing or monitoring instruments. Lenders look at contract backlog, client concentration and professional liability coverage.
Apply for funding with AIIs 541690 the right code for a scientific or technical consulting firm?
Yes, if you provide expert advice on technical or scientific subjects outside management, environmental issues and engineering design. Energy efficiency, agronomy, safety, chemistry and economic consultants belong here. Environmental advisors use 541620, engineering design firms use 541330, and firms running original experiments for new knowledge use the 5417 research codes.
What is the SBA size standard for 541690?
SBA sets the size standard for 541690 at $19 million in average annual receipts, averaged over the last five completed fiscal years and counting affiliates. Scientific and technical 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 scientific and technical consultants fall well inside the limit, so size is rarely what decides an SBA application.
How do technical consultants finance their business?
Most use a business line of credit or invoice factoring to carry receivables from agencies and large companies, plus SBA 7(a) loans for growth. Firms with monitoring or testing instruments add equipment financing. Lenders look for multi year contracts, a spread of clients and solid professional liability coverage.
What does NAICS 541690 cover?
Other scientific and technical 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, 54169 Other scientific and technical consulting services.
What financing do NAICS 541690 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 541690?
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.