Powered by LevrNAICS 624410: Child care services
NAICS 624410 is the industry code for child care services. Use it on loan applications, tax forms and registrations. Lenders price it on the business's own numbers rather than an industry program.
What 624410 covers
Child care services provide day care for infants, toddlers and preschool children, and before and after school care for older children. Daycare centers, preschools, in home family child care and Head Start programs fit here.
Included in this code
- Daycare centers
- Preschools and pre K programs
- Family child care homes
- Before and after school programs
- Head Start centers
- Infant and toddler care
Not this code
- Elementary schools: see 611110 Elementary and secondary schools
- Summer camps with lodging: see 721214 Recreational and vacation camps (except campgrounds)
- Babysitting in the child's home: see 814110 Private households
Businesses that use 624410
Financing for this trade
Child care operators use SBA 7(a) and 504 loans to buy centers, franchises and buildings, equipment loans for playgrounds and vans, and lines of credit to bridge state subsidy payments. Lenders look at licensing, enrollment and capacity, staff ratios and subsidy mix.
Apply for funding with AIIs 624410 the right code for a child care center or daycare?
Yes. 624410 covers daycare centers, preschools, home based family child care, Head Start programs and before and after school care. Private schools serving kindergarten and up use 611110. Overnight summer camps use 721214. Nannies and babysitters hired directly by families fall under 814110.
What is the SBA size standard for 624410?
SBA sets the size standard for 624410 at $9.5 million in average annual receipts, averaged over the last five completed fiscal years and counting affiliates. Child care providers 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 child care providers fall well inside the limit, so size is rarely what decides an SBA application.
What financing do daycare centers use?
Buyers and builders of child care centers often use SBA 7(a) or 504 loans for real estate, buildouts and franchise fees, plus equipment loans for playgrounds, furniture and vans. A line of credit helps bridge state subsidy payments. Lenders look at licensing, enrollment, waitlists and staffing.
What does NAICS 624410 cover?
Child care services. Industry level code in NAICS 2022, under 62 Health care and social assistance, 624 Social assistance, 6244 Child care services, 62441 Child care services.
What financing do NAICS 624410 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 624410?
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.