Powered by LevrNAICS 623220: Residential mental health and substance abuse facilities
NAICS 623220 is the industry code for residential mental health and substance abuse facilities. Use it on loan applications, tax forms and registrations. Explore financing for medical and dental and start your application when you are ready.
What 623220 covers
These facilities provide residential care and treatment for people with mental illness or substance use disorders, such as residential rehab, sober living with treatment, halfway houses and residential programs for youth.
Included in this code
- Residential addiction treatment
- Residential mental health programs
- Halfway houses
- Therapeutic boarding programs
- Residential eating disorder treatment
Not this code
- Psychiatric hospitals: see 622210 Psychiatric and substance abuse hospitals
- Outpatient treatment centers: see 621420 Outpatient mental health and substance abuse centers
- Sober homes without treatment: see 623990 Other residential care facilities
Businesses that use 623220
Financing for this trade
Residential treatment operators finance properties with SBA 504, 7(a) and commercial mortgages, and use healthcare receivables financing against insurer claims. Lenders look at licensing, accreditation, census, payer contracts and billing compliance.
Apply for funding with AIIs 623220 the right code for a residential mental health or addiction treatment facility?
Yes, if you provide live in treatment for mental health or substance use disorders outside a hospital. Residential rehab centers, halfway houses and youth treatment programs commonly use 623220. Licensed psychiatric hospitals use 622210, and outpatient programs use 621420. Sober living homes without clinical treatment may fit 623990.
What is the SBA size standard for 623220?
SBA sets the size standard for 623220 at $19 million in average annual receipts, averaged over the last five completed fiscal years and counting affiliates. Residential mental health and substance use facilities 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 residential mental health and substance use facilities fall well inside the limit, so size is rarely what decides an SBA application.
How do residential treatment centers finance properties?
Operators often buy facilities with SBA 504 or 7(a) loans or commercial mortgages and use receivables financing to cover the lag in insurance payments. Lenders look at state licensing, accreditation such as Joint Commission or CARF, census history, payer contracts and billing practices.
What does NAICS 623220 cover?
Residential mental health and substance abuse facilities. Industry level code in NAICS 2022, under 62 Health care and social assistance, 623 Nursing and residential care facilities, 6232 Residential intellectual and developmental disability, mental health, and substance abuse facilities, 62322 Residential mental health and substance abuse facilities.
What financing do NAICS 623220 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 623220?
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.