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NAICS 624310, industry

NAICS 624310: Vocational rehabilitation services

NAICS 624310 is the industry code for vocational rehabilitation services. 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 624310 covers

These organizations provide job training, job placement and work experience for people with disabilities, the unemployed and other disadvantaged groups. Sheltered workshops and workforce development programs fit here.

Included in this code

  • Vocational rehabilitation services
  • Sheltered workshops
  • Job training for people with disabilities
  • Workforce development programs
  • Supported employment services

Not this code

Businesses that use 624310

Sheltered workshopSupported employment agencyWorkforce development nonprofit

Financing for this trade

Vocational programs finance facilities and equipment with mortgages and equipment loans, and use lines of credit against state rehabilitation and workforce contracts. AbilityOne contractors may use receivables financing. Lenders look at contracts and reserves.

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Is 624310 the right code for a vocational rehabilitation or job training service?

Yes, if you provide job training, placement and work experience for people with disabilities or other barriers to employment. Sheltered workshops and supported employment agencies belong here. Staffing agencies use 561311, and trade schools use 611519. Workforce development nonprofits also fit.

What is the SBA size standard for 624310?

SBA sets the size standard for 624310 at $15 million in average annual receipts, averaged over the last five completed fiscal years and counting affiliates. Vocational rehabilitation services 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 vocational rehabilitation services fall well inside the limit, so size is rarely what decides an SBA application.

How do vocational rehabilitation agencies finance operations?

Many rely on state vocational rehabilitation and workforce contracts, so a line of credit bridges payment timing. Facilities and production equipment for workshops are financed with mortgages and equipment loans. Lenders look at contract history, earned revenue and reserves. Contract quality matters most.

What does NAICS 624310 cover?

Vocational rehabilitation services. Industry level code in NAICS 2022, under 62 Health care and social assistance, 624 Social assistance, 6243 Vocational rehabilitation services, 62431 Vocational rehabilitation services.

What financing do NAICS 624310 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 624310?

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.