522299 - International, Secondary Market, and All Other Nondepository Credit Intermediation

Top Businesses by Annual Sales for 522299 – Click for Complete Profiles:

This U.S. industry comprises (1) establishments primarily engaged in providing working capital funds to U.S. exporters, lending funds to foreign buyers of U.S. goods, and/or lending funds to domestic buyers of imported goods; (2) establishments primarily engaged in buying, pooling, and repackaging loans for sale to others on the secondary market; and (3) establishments primarily providing other nondepository credit (except credit card issuing, sales financing, consumer lending, and real estate credit). Examples of types of lending in this industry are short-term inventory credit, agricultural lending (except real estate and sales financing), and consumer cash lending secured by personal property.

Illustrative Examples:

Commodity Credit Corporation
Factoring accounts receivable
Industrial banks (i.e., known as), nondepository
International trade financing
Morris Plans (i.e., known as), nondepository
Pawnshops
Secondary market financing


Cross-References.

• Establishments primarily engaged in providing credit sales funding are classified in Industry 522210, Credit Card Issuing;
• Establishments primarily engaged in sales financing or sales financing in combination with leasing are classified in Industry 522220, Sales Financing;
• Establishments primarily engaged in making unsecured cash loans to consumers are classified in U.S. Industry 522291, Consumer Lending;
• Establishments primarily engaged in lending funds with real estate as collateral are classified in U.S. Industry 522292, Real Estate Credit;
• Establishments primarily engaged in accepting deposits and lending funds from these deposits are classified in Industry Group 5221, Depository Credit Intermediation;
• Establishments known as industrial banks or Morris Plans and primarily engaged in accepting deposits are classified in Industry 522180, Savings Institutions and Other Depository Credit Intermediation;
• Establishments primarily engaged in arranging loans, including international trade loans, for others on a commission or fee basis are classified in Industry 522310, Mortgage and Nonmortgage Loan Brokers; and
• Establishments primarily engaged in guaranteeing international trade loans are classified in U.S. Industry 524126, Direct Property and Casualty Insurance Carriers.