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NAICS 561440, industry

NAICS 561440: Collection agencies

NAICS 561440 is the industry code for collection agencies. Use it on loan applications, tax forms and registrations. Explore financing for professional services and start your application when you are ready.

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What 561440 covers

Collection agencies collect overdue payments on accounts and claims for clients, usually keeping a percentage of what they recover. Medical, commercial, consumer and utility debt collectors fit here, along with agencies collecting for government.

Included in this code

  • Consumer debt collection
  • Medical account collection
  • Commercial collection agencies
  • Bill collection services
  • Government receivables collection

Not this code

Businesses that use 561440

Medical collection agencyCommercial collections firmConsumer collection agency

Financing for this trade

Collection agencies use lines of credit for payroll and technology, and SBA 7(a) loans to buy other agencies or portfolios of client contracts. Lenders look at contingency fee history, client retention, state licensing and bonding, and compliance with collection rules.

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Is 561440 the right code for a collection agency?

Yes, if you collect past due accounts for clients and earn a contingency fee or flat fee. Medical, commercial and consumer collection agencies belong here. If you purchase debt portfolios and collect on your own account, a finance code may fit better. Repossession companies use 561491.

What is the SBA size standard for 561440?

SBA sets the size standard for 561440 at $19.5 million in average annual receipts, averaged over the last five completed fiscal years and counting affiliates. Collection 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 collection agencies fall well inside the limit, so size is rarely what decides an SBA application.

What financing do collection agencies use?

Most use a business line of credit for payroll and dialer technology, and SBA 7(a) loans for buying another agency. Lenders focus on recurring client placements, recovery rates, licensing and bonding in each state, and a clean compliance record. Owner experience in the industry weighs heavily.

What does NAICS 561440 cover?

Collection agencies. Industry level code in NAICS 2022, under 56 Administrative and support and waste management and remediation services, 561 Administrative and support services, 5614 Business support services, 56144 Collection agencies.

What financing do NAICS 561440 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 561440?

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.