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NAICS 624221, industry

NAICS 624221: Temporary shelters

NAICS 624221 is the industry code for temporary shelters. Use it on loan applications, tax forms and registrations. Lenders price it on the business's own numbers rather than an industry program.

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What 624221 covers

Temporary shelters provide short term emergency housing for people who are homeless, victims of domestic violence, runaway youth and families in crisis.

Included in this code

  • Homeless shelters
  • Domestic violence shelters
  • Runaway youth shelters
  • Family emergency shelters

Not this code

Businesses that use 624221

Homeless shelterDomestic violence shelterYouth shelter

Financing for this trade

Shelters are nonprofits that finance facilities with mortgages and CDFI loans and use lines of credit to bridge government grant reimbursements. Lenders look at funding sources and reserves.

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Is 624221 the right code for a homeless or temporary shelter?

Yes, if you provide short term emergency housing for people experiencing homelessness, domestic violence or a family crisis. Longer term transitional or supportive housing programs often use 624229. Residential group homes with ongoing care use 623990. Runaway youth shelters and domestic violence shelters fit here as well.

What is the SBA size standard for 624221?

SBA sets the size standard for 624221 at $13.5 million in average annual receipts, averaged over the last five completed fiscal years and counting affiliates. Temporary shelters 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 temporary shelters fall well inside the limit, so size is rarely what decides an SBA application.

How are homeless shelters financed?

Most rely on government grants, donations and capital campaigns, with mortgages or CDFI loans for buildings and a line of credit to cover expenses while grant reimbursements arrive. Lenders look at contract funding, donor support and reserves. CDFIs often lend to shelters.

What does NAICS 624221 cover?

Temporary shelters. Industry level code in NAICS 2022, under 62 Health care and social assistance, 624 Social assistance, 6242 Community food and housing, and emergency and other relief services, 62422 Community housing services.

What financing do NAICS 624221 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 624221?

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.