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NAICS 561622, industry

NAICS 561622: Locksmiths

NAICS 561622 is the industry code for locksmiths. 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 561622 covers

Locksmiths install, repair, rekey and open locks, make keys and service safes, often from a shop and service vans. Automotive lockout and key programming services fit here.

Included in this code

  • Lock installation and repair
  • Rekeying services
  • Emergency lockout services
  • Automotive key programming
  • Safe opening and repair

Not this code

Businesses that use 561622

Mobile locksmithCommercial locksmith shopAutomotive key specialist

Financing for this trade

Locksmiths finance service vans, key machines and programming tools with vehicle and equipment loans, and use small lines of credit or SBA microloans. Lenders look at commercial account contracts and licensing where required.

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Is 561622 the right code for a locksmith business?

Yes, if you install, repair and rekey locks, open lockouts and make or program keys. Mobile and shop based locksmiths belong here. If you mainly install alarm and camera systems, use 561621. Safe technicians and automotive key programming specialists also fit here. If you sell locks mainly through a retail store, a retail code may fit better.

What is the SBA size standard for 561622?

SBA sets the size standard for 561622 at $25 million in average annual receipts, averaged over the last five completed fiscal years and counting affiliates. Locksmiths 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 locksmiths fall well inside the limit, so size is rarely what decides an SBA application.

What financing do locksmiths use?

Vehicle loans for service vans, equipment loans for key cutting and transponder programming tools, and a small line of credit are typical. SBA 7(a) loans help buy an existing shop. Lenders look at commercial accounts, licensing and owner credit. Many locksmiths start with SBA microloans.

What does NAICS 561622 cover?

Locksmiths. Industry level code in NAICS 2022, under 56 Administrative and support and waste management and remediation services, 561 Administrative and support services, 5616 Investigation and security services, 56162 Security systems services.

What financing do NAICS 561622 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 561622?

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.