Powered by LevrNAICS 926110: Administration of general economic programs
NAICS 926110 is the industry code for administration of general economic programs. Use it on loan applications, tax forms and registrations. Lenders price it on the business's own numbers rather than an industry program.
What 926110 covers
This code covers government administration of general economic programs, such as economic development agencies, commerce departments and labor standards offices.
Included in this code
- Economic development agencies
- Commerce departments
- Small business development programs run by government
- Labor standards offices
Not this code
- Chambers of commerce: see 813910 Business associations
- Planning agencies: see 925120 Administration of urban planning and community and rural development
Businesses that use 926110
Financing for this trade
Agencies under 926110 are funded by appropriations and pay for buildings and equipment through bonds and lease purchase agreements rather than business loans. Companies that sell to economic program administrators, such as consultants, marketing firms and site selection advisors, 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 926110 the right code for an economic development agency?
Yes, if the establishment is a government agency administering general economic programs, such as economic development or commerce departments. Chambers of commerce use 813910. Private economic consultants use 541690 or 541611. Small businesses almost never use a 92 code, since sector 92 describes government itself rather than the companies that serve it.
Does 926110 have an SBA size standard?
No. Code 926110 covers government agencies, which are not businesses, so SBA does not set a size standard for it. A company that sells to economic program administrators 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 economic program administrators finance contracts?
Vendors to economic program administrators, such as consultants, marketing firms and site selection advisors, 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 926110 cover?
Administration of general economic programs. Industry level code in NAICS 2022, under 92 Public administration, 926 Administration of economic programs, 9261 Administration of economic programs, 92611 Administration of general economic programs.
What financing do NAICS 926110 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 926110?
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.