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NAICS 622110, industry

NAICS 622110: General medical and surgical hospitals

NAICS 622110 is the industry code for general medical and surgical hospitals. Use it on loan applications, tax forms and registrations. Explore financing for medical and dental and start your application when you are ready.

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What 622110 covers

General medical and surgical hospitals provide inpatient diagnosis and treatment for a wide range of conditions, with physicians, nursing, surgery, labs and emergency departments.

Included in this code

  • General acute care hospitals
  • Community hospitals
  • Critical access hospitals
  • Teaching hospitals

Not this code

Businesses that use 622110

Community hospitalCritical access hospitalRegional medical center

Financing for this trade

Hospitals finance with tax exempt bonds, USDA Community Facilities and HUD 242 loans, equipment financing for imaging and surgical systems, and receivables lines. Lenders look at days cash on hand, payer mix, occupancy and operating margin.

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Is 622110 the right code for a general hospital?

Yes, if you operate an inpatient hospital treating a broad range of medical and surgical conditions. Psychiatric hospitals use 622210, and specialty hospitals such as rehab or children's hospitals use 622310. Freestanding ERs without inpatient beds use 621493. Critical access hospitals fit too.

What is the SBA size standard for 622110?

SBA sets the size standard for 622110 at $47 million in average annual receipts, averaged over the last five completed fiscal years and counting affiliates. General medical and surgical hospitals 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 general medical and surgical hospitals fall well inside the limit, so size is rarely what decides an SBA application.

How are hospitals financed?

Hospitals typically use tax exempt bonds, HUD Section 242 insured mortgages, USDA loans for rural facilities, and equipment loans or leases for imaging and surgical systems. Lenders look at days cash on hand, debt service coverage, payer mix and patient volume.

What does NAICS 622110 cover?

General medical and surgical hospitals. Industry level code in NAICS 2022, under 62 Health care and social assistance, 622 Hospitals, 6221 General medical and surgical hospitals, 62211 General medical and surgical hospitals.

What financing do NAICS 622110 businesses use?

Equipment financing, working capital, SBA loans and invoice factoring are the products placed most for medical and dental businesses. Start an application and the AI matches the deal to lenders that fund this code.

Where do I put NAICS 622110?

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.