Powered by LevrNAICS 611310: Colleges, universities, and professional schools
NAICS 611310 is the industry code for colleges, universities, and professional 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 611310 covers
These institutions grant bachelor's, graduate and professional degrees, including universities, liberal arts colleges, law, medical and dental schools, and seminaries.
Included in this code
- Universities
- Four year colleges
- Law and medical schools
- Graduate schools
- Seminaries and theological schools
- Online degree granting universities
Not this code
- Junior colleges: see 611210 Junior colleges
- Business and secretarial schools: see 611410 Business and secretarial schools
- Research institutes: see 541715 Research and development in the physical, engineering, and life sciences (except nanotechnology and biotechnology)
Businesses that use 611310
Financing for this trade
Colleges finance campuses with tax exempt bonds, bank loans and, for smaller for profit schools, SBA 504 loans; lines of credit bridge tuition and aid timing. Lenders look at enrollment, accreditation, endowment, tuition dependency and regulatory standing.
Apply for funding with AIIs 611310 the right code for a college or university?
Yes, if you grant bachelor's, master's, doctoral or professional degrees. Universities, colleges, medical and law schools and seminaries belong here. Two year colleges use 611210. Nondegree professional training uses 611430. Research institutes not granting degrees belong in the 5417 codes.
What is the SBA size standard for 611310?
SBA sets the size standard for 611310 at $34.5 million in average annual receipts, averaged over the last five completed fiscal years and counting affiliates. Colleges, universities and professional 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 colleges, universities and professional schools fall well inside the limit, so size is rarely what decides an SBA application.
How do colleges finance campus projects?
Most use tax exempt bonds or bank loans for buildings and housing, while smaller for profit schools can use SBA 504 loans. Lines of credit bridge the gap before tuition and financial aid arrive. Lenders review enrollment trends, net tuition revenue, endowment and accreditation status.
What does NAICS 611310 cover?
Colleges, universities, and professional schools. Industry level code in NAICS 2022, under 61 Educational services, 611 Educational services, 6113 Colleges, universities, and professional schools, 61131 Colleges, universities, and professional schools.
What financing do NAICS 611310 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 611310?
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.