What is a NAICS code?

A NAICS (North American Industry Classification System) code is a six-digit classification used by U.S. government agencies, lenders, and bureaus to categorize businesses by industry.

Explanation

NAICS codes influence lender risk models, eligibility for specific loan programs (including SBA), and the way bureaus benchmark a business's payment behavior.

Choosing an accurate primary NAICS code matters — some industries are flagged as 'high risk' by lenders and lead to automatic denial.

Examples

•722511 — Full-service restaurants
•541110 — Offices of lawyers
•541611 — Administrative management consulting

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