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NAICS 712110, industry

NAICS 712110: Museums

NAICS 712110 is the industry code for museums. 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 712110 covers

Museums preserve and exhibit objects of historical, cultural, artistic or educational value, including art museums, history museums, science centers, children's museums and planetariums.

Included in this code

  • Art museums
  • History museums
  • Science and technology centers
  • Children's museums
  • Planetariums
  • Halls of fame

Not this code

Businesses that use 712110

Children's museumRegional art museumScience center

Financing for this trade

Museums finance buildings and exhibits with tax exempt bonds, bank loans backed by pledges and capital campaigns, and lines of credit. Lenders look at endowment, donor pledges, attendance and earned revenue.

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Is 712110 the right code for a museum?

Yes, if you collect, preserve and exhibit objects for public education, including art museums, science centers, children's museums and planetariums. Preserved historic homes and sites use 712120. Commercial art galleries selling artwork use a retail code such as 459920. Zoos use 712130.

What is the SBA size standard for 712110?

SBA sets the size standard for 712110 at $34 million in average annual receipts, averaged over the last five completed fiscal years and counting affiliates. Museums 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 museums fall well inside the limit, so size is rarely what decides an SBA application.

How do museums finance expansions?

Most combine capital campaigns with bridge loans against pledges, tax exempt bonds, and lines of credit for working capital. Equipment loans cover exhibit technology. Lenders look at endowment size, pledge collection history, attendance trends and earned revenue from tickets, memberships and stores.

What does NAICS 712110 cover?

Museums. Industry level code in NAICS 2022, under 71 Arts, entertainment, and recreation, 712 Museums, historical sites, and similar institutions, 7121 Museums, historical sites, and similar institutions, 71211 Museums.

What financing do NAICS 712110 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 712110?

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.