Industry Sector

Finance and Insurance

Total Companies

661

Est. Employment

115,280

Description

This industry comprises establishments primarily engaged in sales financing or sales financing in combination with leasing. Sales financing establishments are primarily engaged in lending money for the purpose of providing collateralized goods through a contractual installment sales agreement, either directly from or through arrangements with dealers.

Snapshot

NAICS Code 522220 - Sales Financing is a final level code of the “Finance and Insurance” Sector. There are 661 companies classified in this industry in the USA with an estimated employment of 115,280 people.

Industry Examples

Common types of examples within NAICS Code 522220 - Sales Financing are:

  • Automobile finance leasing companies
  • Automobile financing
  • Commercial and inventory financing (except international trade financing)
  • Equipment finance leasing
  • Financing, sales
  • Installment sales financing
  • Insurance premium financing
  • Leasing in combination with sales financing
  • Machinery finance leasing
  • Sales financing
  • Truck finance leasing

Cross-References

For some business types, there may be a similar industry to NAICS Code 522220 - Sales Financing that is a better classification match. Establishments not engaged in sales financing, but primarily engaged in providing leases for equipment and other assets are classified in NAICS Code - 532 - Rental and Leasing Services.