NAICS Code 522299-16 - State Govt-Adm Of Fed Credit Agencies

Marketing Level - NAICS 8-Digit

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NAICS CODE 522299-16
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NAICS Code 522299-16 Description (8-Digit)

The State Govt-Adm Of Fed Credit Agencies industry involves the administration of credit agencies by state governments on behalf of the federal government. These agencies provide credit to individuals and businesses that may not qualify for traditional bank loans. The state government acts as an intermediary between the borrower and the federal government, ensuring that loans are distributed fairly and efficiently. This industry plays an important role in promoting economic growth and development by providing access to credit for those who may not otherwise have it.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 522299 page

Tools

Tools commonly used in the State Govt-Adm Of Fed Credit Agencies industry for day-to-day tasks and operations.

  • Loan origination software
  • Credit scoring models
  • Loan servicing software
  • Risk management software
  • Financial analysis software
  • Loan underwriting software
  • Compliance management software
  • Loan management software
  • Portfolio management software
  • Customer relationship management software

Industry Examples of State Govt-Adm Of Fed Credit Agencies

Common products and services typical of NAICS Code 522299-16, illustrating the main business activities and contributions to the market.

  • Student loan agencies
  • Small business loan agencies
  • Agricultural loan agencies
  • Export credit agencies
  • Infrastructure loan agencies
  • Disaster relief loan agencies
  • Energy loan agencies
  • Housing loan agencies
  • Community development loan agencies
  • Veterans loan agencies

History

A concise historical narrative of NAICS Code 522299-16 covering global milestones and recent developments within the United States.

  • The State Govt-Adm Of Fed Credit Agencies industry has a long history of providing credit and financial services to individuals and businesses. The industry has its roots in the early 20th century when the US government established various credit agencies to provide loans to farmers and small businesses. Over the years, the industry has expanded to include a wide range of services, including student loans, housing loans, and disaster relief loans. In recent years, the industry has faced significant challenges due to the economic downturn and increased competition from private lenders. Despite these challenges, the industry has continued to play a vital role in providing credit and financial services to individuals and businesses across the United States.