Powered by LevrNAICS 561311: Employment placement agencies
NAICS 561311 is the industry code for employment placement agencies. Use it on loan applications, tax forms and registrations. Explore financing for staffing and start your application when you are ready.
What 561311 covers
These agencies list job openings and place candidates in permanent positions, earning a placement fee. Online job boards and permanent placement recruiters fit here. Temporary staffing and executive search have their own codes.
Included in this code
- Permanent placement agencies
- Online job boards and placement sites
- Recruiting firms for nonexecutive roles
- Nurse and healthcare permanent placement
- Casting agencies
Not this code
- Executive search: see 561312 Executive search services
- Temporary help services: see 561320 Temporary help services
- Professional employer organizations: see 561330 Professional employer organizations
Businesses that use 561311
Financing for this trade
Placement agencies finance with lines of credit or receivables factoring against placement fees, and SBA 7(a) loans to hire recruiters or acquire a firm. Lenders look at client contracts, guarantee periods on placements and recurring hiring clients.
Apply for funding with AIIs 561311 the right code for an employment or staffing placement agency?
Yes, if you place candidates into permanent jobs with employers and earn a placement fee. Contingency recruiters for nonexecutive roles and online job boards belong here. If you employ workers and bill clients hourly, use 561320. Retained search for senior executives uses 561312.
What is the SBA size standard for 561311?
SBA sets the size standard for 561311 at $34 million in average annual receipts, averaged over the last five completed fiscal years and counting affiliates. Employment placement agencies 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 employment placement agencies fall well inside the limit, so size is rarely what decides an SBA application.
What financing do recruiting firms use?
Placement firms often use invoice factoring on fees owed by employers, a line of credit for payroll of recruiters, and SBA 7(a) loans for growth or acquisitions. Lenders look at client concentration, refund guarantee terms and receivables aging. Healthcare recruiters often add payroll funding when they also place travel staff.
What does NAICS 561311 cover?
Employment placement agencies. Industry level code in NAICS 2022, under 56 Administrative and support and waste management and remediation services, 561 Administrative and support services, 5613 Employment services, 56131 Employment placement agencies and executive search services.
What financing do NAICS 561311 businesses use?
Equipment financing, working capital, SBA loans and invoice factoring are the products placed most for staffing businesses. Start an application and the AI matches the deal to lenders that fund this code.
Where do I put NAICS 561311?
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.