NAICS 611110: Elementary and secondary schools
NAICS 611110 is the industry code for elementary and secondary schools. Use it on loan applications, tax forms and registrations. Lenders price it on the business's own numbers rather than an industry program.
What 611110 covers
Elementary and secondary schools provide academic instruction from kindergarten through grade 12. Private, charter, religious and public schools fit here, along with military academies and boarding schools at that level.
Included in this code
- Private elementary schools
- Private high schools
- Charter schools
- Religious day schools
- Boarding schools
- Montessori elementary programs
Not this code
- Preschools and child day care: see 624410 Child care services
- Tutoring centers: see 611691 Exam preparation and tutoring
- Colleges: see 611310 Colleges, universities, and professional schools
Businesses that use 611110
Financing for this trade
Private and charter schools finance campuses with mortgage loans, SBA 504 loans for eligible for profit schools, tax exempt bonds for nonprofits, and lines of credit to smooth tuition and per pupil funding timing. Lenders look at enrollment trends, charter renewal, tuition collections and reserves.
Apply for funding with AIIs 611110 the right code for a private K to 12 school?
Yes, if you provide academic instruction from kindergarten through grade 12, whether private, charter, religious or public. If your program serves children under kindergarten age, use 624410. Tutoring and test prep centers use 611691. Schools offering both preschool and elementary grades usually use 611110 if K to 12 is the larger share.
What is the SBA size standard for 611110?
SBA sets the size standard for 611110 at $20 million in average annual receipts, averaged over the last five completed fiscal years and counting affiliates. Elementary and secondary schools 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 elementary and secondary schools fall well inside the limit, so size is rarely what decides an SBA application.
How do private and charter schools finance buildings?
For profit schools can use SBA 504 or 7(a) loans for buildings and expansions, while nonprofits and charters often use tax exempt bonds or community lenders. A line of credit smooths uneven tuition and state payments. Lenders look at enrollment history, waitlists, charter terms and reserves.
What does NAICS 611110 cover?
Elementary and secondary schools. Industry level code in NAICS 2022, under 61 Educational services, 611 Educational services, 6111 Elementary and secondary schools, 61111 Elementary and secondary schools.
What financing do NAICS 611110 businesses use?
Term loans, lines of credit, SBA loans and working capital are the usual products. Start an application and the AI matches the deal to lenders that fund this code.
Where do I put NAICS 611110?
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.