Powered by LevrNAICS 611430: Professional and management development training
NAICS 611430 is the industry code for professional and management development training. Use it on loan applications, tax forms and registrations. Lenders price it on the business's own numbers rather than an industry program.
What 611430 covers
These providers offer professional and management development training, such as leadership, sales, communication, safety and continuing education courses for working professionals and companies.
Included in this code
- Leadership and management training
- Sales training
- Continuing education for professionals
- Workplace safety training
- Corporate training programs
- Public speaking courses
Not this code
- Computer training: see 611420 Computer training
- Business schools: see 611410 Business and secretarial schools
- Exam preparation: see 611691 Exam preparation and tutoring
Businesses that use 611430
Financing for this trade
Training companies are asset light and use lines of credit, receivables factoring on corporate invoices and SBA 7(a) loans. Lenders look at repeat corporate contracts, course enrollment and online revenue.
Apply for funding with AIIs 611430 the right code for a professional or corporate training company?
Yes, if you teach professional and management skills to working adults and companies, such as leadership, sales, safety or continuing education. IT certification training uses 611420. Exam preparation for licensing tests uses 611691. If you advise on HR policy rather than train, use 541612.
What is the SBA size standard for 611430?
SBA sets the size standard for 611430 at $15 million in average annual receipts, averaged over the last five completed fiscal years and counting affiliates. Professional development trainers 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 professional development trainers fall well inside the limit, so size is rarely what decides an SBA application.
What financing do corporate training companies use?
Most use a business line of credit or invoice factoring because corporate clients pay on terms, plus SBA 7(a) loans for course development and hiring. Lenders look at repeat clients, contracted training days and the spread of revenue across customers.
What does NAICS 611430 cover?
Professional and management development training. Industry level code in NAICS 2022, under 61 Educational services, 611 Educational services, 6114 Business schools and computer and management training, 61143 Professional and management development training.
What financing do NAICS 611430 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 611430?
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.