Powered by LevrNAICS 561312: Executive search services
NAICS 561312 is the industry code for executive search services. Use it on loan applications, tax forms and registrations. Explore financing for staffing and start your application when you are ready.
What 561312 covers
Executive search firms recruit senior executives and specialized leaders for clients, typically on a retained basis. They search, assess and present candidates, earning fees tied to the position's compensation.
Included in this code
- Retained executive search
- Board and C suite recruiting
- Specialized leadership recruiting
- Executive assessment tied to search
Not this code
- Employment placement agencies: see 561311 Employment placement agencies
- Human resources consulting: see 541612 Human resources consulting services
Businesses that use 561312
Financing for this trade
Search firms finance with lines of credit or receivables financing against retainer installments and SBA 7(a) loans for growth. Lenders look at retainer contracts, consultant productivity and client concentration.
Apply for funding with AIIs 561312 the right code for an executive search firm?
Yes, if you recruit senior executives for clients, usually on retainer. If your recruiting is for staff level roles on contingency, 561311 is closer. If you advise on HR policy and compensation instead of recruiting, use 541612. Executive assessment work done as part of a search also stays under 561312.
What is the SBA size standard for 561312?
SBA sets the size standard for 561312 at $34 million in average annual receipts, averaged over the last five completed fiscal years and counting affiliates. Executive search 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 executive search firms fall well inside the limit, so size is rarely what decides an SBA application.
How do executive search firms finance operations?
Most use a business line of credit sized to retainer revenue and SBA 7(a) loans for hiring partners or acquiring a practice. Factoring is less common because retainers come in installments. Lenders look at active searches, retainer billing history and client spread.
What does NAICS 561312 cover?
Executive search services. 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 561312 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 561312?
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.