NAICS Code 523910 — Miscellaneous Intermediation

National Industry in the official 2022 North American Industry Classification System (U.S. Census Bureau). It is the only national industry under 52391 (Miscellaneous Intermediation).

Code	523910
Title	Miscellaneous Intermediation
Level	National Industry (6-digit)
Edition	NAICS 2022 edition
SBA size standard	$47 million in average annual receipts

Official definition (2022 NAICS)

This industry comprises establishments primarily engaged in acting as principals (except investment bankers, securities dealers, and commodity contracts dealers) in buying or selling financial contracts generally on a spread basis. Principals are investors that buy or sell for their own account.

Illustrative Examples:

Investment clubs

Tax liens dealing (i.e., acting as a principal in dealing tax liens to investors)

Venture capital companies

Mineral royalties or leases dealing (i.e., acting as a principal in dealing royalties or leases to investors)

Is a business under 523910 "small"?

Under the SBA size standards (13 CFR 121.201, effective March 17, 2023), a business classified in NAICS 523910 qualifies as a small business if it does not exceed $47 million in average annual receipts. Small-business status determines eligibility for federal set-aside contracts, SAM.gov certifications and SBA loan programs — receipts are averaged over the latest 5 fiscal years.

Where 523910 sits in the hierarchy

Level	Code	Title
Sector	52	Finance and Insurance
Subsector	523	Securities, Commodity Contracts, and Other Financial Investments and Related Activities
Industry Group	5239	Other Financial Investment Activities
NAICS Industry	52391	Miscellaneous Intermediation
National Industry	523910	Miscellaneous Intermediation

Related SIC codes

Via the official U.S. Census concordance (1987 SIC ↔ NAICS), shown only where the industry definition is unchanged in NAICS 2022.

SIC code	Title
6153	Short-Term Business Credit Institutions, Except Agricultural
6211	Security Brokers, Dealers, and Flotation Companies
6792	Oil Royalty Traders
6799	Investors, Not Elsewhere Classified

Data: official 2022 NAICS structure, descriptions and Census concordances, U.S. Census Bureau — U.S. government works in the public domain (17 U.S.C. §105). Suggested reference, not an official determination.