Powered by LevrNAICS 561591: Convention and visitors bureaus
NAICS 561591 is the industry code for convention and visitors bureaus. Use it on loan applications, tax forms and registrations. Explore financing for professional services and start your application when you are ready.
What 561591 covers
Convention and visitors bureaus promote a city or region to tourists and meeting planners, and help coordinate conventions. Most are nonprofits funded by hotel taxes and member dues.
Included in this code
- Convention and visitors bureaus
- Destination marketing organizations
- Tourism promotion offices
Not this code
- Chambers of commerce: see 813910 Business associations
- Convention organizers: see 561920 Convention and trade show organizers
Businesses that use 561591
Financing for this trade
Bureaus are usually funded by lodging taxes and dues, so borrowing is limited to lines of credit to smooth tax receipts and occasional real estate loans for visitor centers. Lenders look at the funding agreement with the local government.
Apply for funding with AIIs 561591 the right code for a convention and visitors bureau?
Yes, if your organization promotes a destination and attracts conventions and tourists. City and regional destination marketing organizations belong here. Chambers of commerce and business associations use 813910. Companies that run trade shows use 561920. Tourism promotion offices run by nonprofits or quasi public authorities fit here too, even when they also operate a visitor center.
What is the SBA size standard for 561591?
SBA sets the size standard for 561591 at $25 million in average annual receipts, averaged over the last five completed fiscal years and counting affiliates. Convention and visitors bureaus 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 convention and visitors bureaus fall well inside the limit, so size is rarely what decides an SBA application.
How are convention and visitors bureaus funded?
Most rely on hotel occupancy tax allocations, member dues and partnerships. Borrowing is usually a line of credit to bridge timing of tax receipts or a mortgage on a visitor center. Lenders look at the strength and term of the local funding agreement.
What does NAICS 561591 cover?
Convention and visitors bureaus. Industry level code in NAICS 2022, under 56 Administrative and support and waste management and remediation services, 561 Administrative and support services, 5615 Travel arrangement and reservation services, 56159 Other travel arrangement and reservation services.
What financing do NAICS 561591 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 561591?
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.