522299 - International, Secondary Market, and All Other Nondepository Credit Intermediation
When navigating the world of finance and government contracting, understanding specific NAICS codes is crucial. NAICS code 522299 represents the industry sector for International, Secondary Market, and All Other Nondepository Credit Intermediationāa diverse field pivotal to credit services beyond traditional banking. Whether you're a business owner, a government contractor, or an industry analyst, this code sheds light on specialized credit intermediation activities that do not involve accepting traditional deposits.
What is NAICS Code 522299?
NAICS code 522299 encompasses establishments primarily engaged in providing credit intermediation services that are not directly tied to depository institutions such as banks. These services include:
- International credit financing
- Secondary market credit activities
- Other nondepository lending and credit intermediation services not classified elsewhere
In essence, businesses under this classification facilitate lending and credit operations without utilizing traditional deposit-taking methods, allowing for a broad spectrum of unique financial services.
Sector Overview: Finance and Insurance
NAICS 522299 falls under the broader Finance and Insurance sector, covering innovative and specialized credit solutions crucial to modern financial markets. Typical business activities include various types of credit assistance, trade financing, loan repackaging, and mortgage-related financial services.
Typical Business Activities Under NAICS 522299:
- International trade financing
- Secondary market loan purchasing and repackaging
- Factoring accounts receivable
- Car title lending
- Collateralized mortgage obligation (CMO) issuing (private)
- Student loan marketing and financing
- Agricultural credit lending (excluding real estate and sales financing)
- Export-import bank operations
- Operations of industrial and trade banks (nondepository)
- Pawnshops and credit-related services outside traditional deposit frameworks
Size Standard for NAICS Code 522299
To qualify under this NAICS code for government contracting or other regulatory purposes, a business must meet a size standard of $47 million dollars in average annual receipts. This benchmark defines small business eligibility under the U.S. Small Business Administration (SBA) standards.
Examples of Businesses Classified Under NAICS 522299
Common types of businesses and activities classified under NAICS 522299 include:
- International credit agencies specializing in trade financing across borders
- Secondary market credit brokers facilitating loan repurchases and securitizations
- Nondepository loan companies offering various credit products without accepting deposits
- Export trading companies involved in international credit facilitation
- Student Loan Marketing Associations providing education-related financial intermediation
- Pawnshops and similar nondepository credit entities
Detailed Code Breakdown for NAICS 522299
| Code Details | Description |
|---|---|
| Agencies of foreign banks | Trade financing for international transactions |
| Agreement corporations | International trade finance |
| Agricultural credit institutions | Loans and credit (excluding real estate and sales financing) |
| Agricultural lending | Credit related to agriculture excluding real estate sales |
| Banks, industrial (nondepository) | Industrial bank lending without accepting deposits |
| Banks, trade (international trade financing) | Credit services for trade banks involved internationally |
| Car title lending | Short-term loans secured by vehicle titles |
| Collateralized mortgage obligation (CMO) issuing, private | Issuance of private mortgage-backed securities |
| Commodity Credit Corporation | Government-backed commodity credit |
| Edge Act corporations | Entities chartered to engage in foreign banking activities |
| Export trading companies | Firms specializing in international export financing |
| Export-Import banks | Government institutions facilitating international trade loans |
| Factoring accounts receivable | Purchase and financing of accounts receivable |
| Federal Agricultural Mortgage Corporation | Government-related agricultural mortgage lending |
| Federal Home Loan Banks (FHLB) | Banks providing liquidity for home lending |
| Federal Home Loan Mortgage Corporation (FHLMC) | Mortgage finance entity |
| Federal Intermediate Credit Bank | Provides financing for agricultural and rural businesses |
| Federal National Mortgage Association (FNMA) | Government-sponsored mortgage finance |
| Financing, secondary market | Buying, pooling, and repackaging loans |
| GNMA (Government National Mortgage Association) | Backing government-insured mortgages |
| Government-sponsored enterprises | Entities supporting secondary market credit financing |
| Industrial loan companies, nondepository | Nonbank loan companies |
| International trade financing | Financing services for global trade |
| Morris Plans, nondepository | Historical nondepository loan providers |
| National Credit Union Administration (NCUA) | Credit union oversight and regulation |
| Pawnshops | Nonbank credit lenders secured by personal property |
| Purchasing of accounts receivable | Buying debt instruments |
| Real estate mortgage investment conduits (REMICs), private | Securitization of mortgage loans |
| Repackaging loans for sale | Creating loan-backed securities |
| Secondary market financing | Resale of loans and credit |
| Short-term inventory credit lending | Inventory-backed loans |
| SLMA (Student Loan Marketing Association) | Student loan securitization entities |
| Trade banks | Banks specialized in international trade |
| Trade financing, international | Credit for global commerce |
Frequently Asked Questions (FAQs)
What does NAICS code 522299 specifically cover?
It covers businesses engaged in nondepository credit intermediation such as international credit, secondary market loan activities, and other specialized credit services not involving traditional deposit accounts.
Which sector does NAICS 522299 belong to?
It belongs to the Finance and Insurance sector.
What is the SBA size standard for businesses under this code?
Businesses must have average annual receipts of $47 million or less to qualify as small businesses for contracting or regulatory purposes.
Can pawnshops be classified under NAICS 522299?
Yes, pawnshops fall within nondepository credit intermediation and are classified here.
Are export-import banks part of this NAICS code?
Yes, export-import banks involved in financing international trade fall under NAICS 522299.
What types of lending activities qualify under this code?
International trade financing, secondary market loan purchasing and repackaging, factoring, car title lending, and mortgage-backed securities issuing are examples.
Understanding NAICS code 522299 allows businesses, government agencies, and financial institutions to accurately identify and categorize critical credit intermediation services outside traditional banking. With its extensive range of activitiesāspanning international trade finance to secondary market lendingāthis code represents a vital sector within the Finance and Insurance industry.
For companies engaged in nondepository credit services, awareness of this code is key for compliance, contracting, and marketing strategies. Whether you are expanding your business or seeking government contracts, mastering the nuances of NAICS 522299 is a strategic advantage.
