Sales Financing
Key Figures
Figures are published for NAICS 522220 directly.
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Official definition
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.
Source: US Census Bureau, 2017 NAICS Definitions. Public domain.
Which code does this activity belong in?
Sales financing establishments lend money through installment sales agreements secured by the goods being purchased, typically in direct coordination with dealers. Credit Card Issuing establishments, by contrast, issue credit cards for open-end revolving credit. Sales financing differs from Other Nondepository Credit Intermediation, which covers cash loans and credit extended through instruments other than sales finance agreements, such as consumer finance companies making unsecured loans or mortgage companies providing real estate financing.