Powered by LevrNAICS 922140: Correctional institutions
NAICS 922140 is the industry code for correctional institutions. Use it on loan applications, tax forms and registrations. Lenders price it on the business's own numbers rather than an industry program.
What 922140 covers
Correctional institutions are government prisons, jails, detention centers and reformatories that confine people, including privately operated facilities under government contract.
Included in this code
- State prisons
- County jails
- Juvenile detention centers
- Privately operated correctional facilities
Not this code
- Halfway houses: see 623220 Residential mental health and substance abuse facilities
- Parole offices: see 922150 Parole offices and probation offices
Businesses that use 922140
Financing for this trade
Agencies under 922140 are funded by appropriations and pay for buildings and equipment through bonds and lease purchase agreements rather than business loans. Companies that sell to correctional institutions, such as food service, healthcare and commissary contractors, use their own industry code and typically finance contracts with receivables lines, government contract factoring and SBA 7(a) loans.
Apply for funding with AIIs 922140 the right code for a jail or prison?
Yes, if the establishment confines people as a prison, jail or detention center, whether run by government or by a private operator under contract. Halfway houses offering treatment use 623220. Food service contractors working inside prisons use 722310. Small businesses almost never use a 92 code, since sector 92 describes government itself rather than the companies that serve it.
Does 922140 have an SBA size standard?
No. Code 922140 covers government agencies, which are not businesses, so SBA does not set a size standard for it. A company that sells to correctional institutions is measured by the size standard of its own industry code, and that is the code to use on SBA loan applications and small business set aside bids.
How do businesses that sell to correctional institutions finance contracts?
Vendors to correctional institutions, such as food service, healthcare and commissary contractors, usually use a line of credit or invoice factoring backed by government receivables, since agencies often pay on 30 to 60 day terms. Equipment loans and SBA 7(a) loans fund growth. Lenders look at the contract, the agency's payment record, bonding where required and the vendor's performance history.
What does NAICS 922140 cover?
Correctional institutions. Industry level code in NAICS 2022, under 92 Public administration, 922 Justice, public order, and safety activities, 9221 Justice, public order, and safety activities, 92214 Correctional institutions.
What financing do NAICS 922140 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 922140?
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.