NAICS 561330: Professional employer organizations
NAICS 561330 is the industry code for professional employer organizations. Use it on loan applications, tax forms and registrations. Explore financing for staffing and start your application when you are ready.
What 561330 covers
PEOs co employ a client's workers, taking over payroll, benefits, workers compensation and HR compliance while the client directs daily work. Clients outsource employer responsibilities to the PEO.
Included in this code
- Professional employer organizations
- Employee leasing
- Co employment HR outsourcing
- Payroll, benefits and workers comp bundles
Not this code
- Temporary help services: see 561320 Temporary help services
- Payroll services only: see 541214 Payroll services
- HR consulting: see 541612 Human resources consulting services
Businesses that use 561330
Financing for this trade
PEOs finance with working capital lines, letters of credit and collateral for workers comp programs, and SBA 7(a) loans for growth. Lenders look at worksite employee counts, client retention, IRS certification and workers comp exposure.
Apply for funding with AIIs 561330 the right code for a professional employer organization (PEO)?
Yes, if you co employ client workforces and handle payroll, benefits, workers compensation and HR compliance. If you only process payroll, use 541214. If you recruit and supply temporary workers you direct, use 561320. Employee leasing companies that take on the employer of record role also use this code.
What is the SBA size standard for 561330?
SBA sets the size standard for 561330 at $41.5 million in average annual receipts, averaged over the last five completed fiscal years and counting affiliates. Professional employer organizations 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 professional employer organizations fall well inside the limit, so size is rarely what decides an SBA application.
What financing do PEOs use?
PEOs commonly use working capital lines of credit, letters of credit to collateralize workers comp and benefit programs, and SBA 7(a) loans for acquisitions. Lenders review client retention, worksite employee growth, claims history and payroll tax compliance. IRS certification as a CPEO can strengthen the file.
What does NAICS 561330 cover?
Professional employer organizations. 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, 56133 Professional employer organizations.
What financing do NAICS 561330 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 561330?
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.