Powered by LevrNAICS 551111: Offices of bank holding companies
NAICS 551111 is the industry code for offices of bank holding companies. Use it on loan applications, tax forms and registrations. Explore financing for professional services and start your application when you are ready.
What 551111 covers
This code covers the offices of bank holding companies: entities that own controlling interests in one or more banks and do not themselves take deposits or make loans directly. Most are regulated by the Federal Reserve.
Included in this code
- Bank holding company offices
- Financial holding companies owning banks
- Multibank holding companies
Not this code
- Commercial banking: see 522110 Commercial banking
- Other holding companies: see 551112 Offices of other holding companies
Businesses that use 551111
Financing for this trade
Bank holding companies raise capital through holding company loans from correspondent banks, subordinated debt and trust preferred style instruments, and stock offerings. Lenders and regulators look at the subsidiary bank's capital ratios, earnings, asset quality and dividend capacity.
Apply for funding with AIIs 551111 the right code for a bank holding company?
Yes, if your entity exists mainly to own a controlling stake in one or more banks. The bank itself uses 522110. A holding company owning nonbank businesses uses 551112. Filing as a bank holding company also involves Federal Reserve registration.
What is the SBA size standard for 551111?
SBA sets the size standard for 551111 at $38.5 million in average annual receipts, averaged over the last five completed fiscal years and counting affiliates. Bank holding companies 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 bank holding companies fall well inside the limit, so size is rarely what decides an SBA application.
How do bank holding companies borrow?
Common options are holding company term loans from correspondent banks, often secured by the stock of the subsidiary bank, plus subordinated notes and equity raises. Lenders look at the bank's capital levels, earnings, loan quality and ability to upstream dividends to service debt.
What does NAICS 551111 cover?
Offices of bank holding companies. Industry level code in NAICS 2022, under 55 Management of companies and enterprises, 551 Management of companies and enterprises, 5511 Management of companies and enterprises, 55111 Management of companies and enterprises.
What financing do NAICS 551111 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 551111?
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.