SIC Codes - Standard Industrial Classification (SIC) Codes

What is a SIC Code ?

Standard Industrial Classification (SIC) codes are four digit numerical codes assigned by the U.S. government to business establishments to identify the primary business of the establishment. The Standard Industrial Classification (SIC) is a system for classifying industries by a four-digit code. Established in the United States in 1937, it is used by government agencies to classify industry areas. The classification was developed to facilitate the collection, presentation and analysis of data; and to promote uniformity and comparability in the presentation of statistical data collected by various agencies of the federal government, state agencies and private organizations. The classification covers all economic activities.

The SIC system arrays the economy into 11 divisions, that are divided into 83 2-digit major groups, that are further subdivided into 416 3-digit industry groups, and finally disaggregated into 1,005 4-digit industries. In the United States the SIC code is being supplanted by the six-digit North American Industry Classification System (NAICS code), which was released in 1997; however certain government departments and agencies, such as the U.S. Securities and Exchange Commission (SEC), still use the SIC codes.

The SIC system is also used by agencies in other countries, e.g., by the United Kingdom's Companies House.

SIC Code Title
61 Nondepository Credit Institutions
6111 Federal and Federally Sponsored Credit
611100 Federal and federally sponsored credit agencies
61110000 Federal and federally sponsored credit agencies
611101 Federal mortgage credit agencies
61110100 Federal mortgage credit agencies
61110101 Farmers Home Administration
61110102 Federal Home Loan Mortgage Corporation
61110103 Federal National Mortgage Association
61110104 Government National Mortgage Association
611102 Mutual association credit agencies
61110200 Mutual association credit agencies
61110201 Banks for cooperatives
61110202 National Consumer Cooperative Bank
611199 Federal and federally sponsored credit, nec
61119901 Commodity Credit Corporation
61119902 Export/Import Bank
61119903 Federal Intermediate Credit Bank
61119904 Federal Land Banks
61119905 Rural Electrification Administration
61119906 Student Loan Marketing Association
61119907 Synthetic Fuels Corporation
6141 Personal Credit Institutions
614100 Personal credit institutions
61410000 Personal credit institutions
614101 Automobile and consumer finance companies
61410100 Automobile and consumer finance companies
61410101 Automobile loans, including insurance
61410102 Consumer finance companies
61410103 Financing: automobiles, furniture, etc., not a deposit bank
61410104 Installment sales finance, other than banks
61410105 Licensed loan companies, small
61410106 Personal finance licensed loan companies, small
614199 Personal credit institutions, nec
61419901 Industrial loan banks and companies, not a deposit bank
61419902 Morris plans, not a deposit bank
61419903 Mutual benefit associations
61419904 Remedial loan societies
6153 Short-term Business Credit
615300 Short-term business credit institutions, except agricultural
61530000 Short-term business credit institutions, except agricultural
615301 Working capital financing
61530100 Working capital financing
61530101 Direct working capital financing
615302 Factoring services
61530200 Factoring services
61530201 Factors of commercial paper
61530202 Purchasers of accounts receivable and commercial paper
615303 Installment paper
61530300 Installment paper
61530301 Buying of installment notes
615399 Short-term business credit, nec
61539901 Credit card services, central agency collection
61539902 Financing of dealers by motor vehicle manufacturers organ.
61539903 Mercantile financing
61539904 Purchase and sale of trust deeds
6159 Miscellaneous Business Credit
615900 Miscellaneous business credit institutions
61590000 Miscellaneous business credit institutions
615901 Agricultural credit institutions
61590100 Agricultural credit institutions
61590101 Agricultural loan companies
61590102 Farm mortgage companies
61590103 Livestock loan companies
61590104 Production credit association, agricultural
615902 Equipment and vehicle finance leasing companies
61590200 Equipment and vehicle finance leasing companies
61590201 Automobile finance leasing
61590202 Finance leasing, vehicles: except automobiles and trucks
61590203 Machinery and equipment finance leasing
61590204 Pari-mutuel totalizator equipment finance leasing and maint.
61590205 Truck finance leasing
615999 Miscellaneous business credit institutions, nec
61599901 General and industrial loan institutions
61599902 Intermediate investment banks
61599903 Small business investment companies
6162 Mortgage Bankers and Correspondents
616200 Mortgage bankers and loan correspondents
61620000 Mortgage bankers and loan correspondents
616299 Mortgage bankers and correspondents, nec
61629901 Bond and mortgage companies
61629902 Loan correspondents
61629903 Mortgage bankers
61629904 Mortgage brokers, using own money
61629905 Mortgage companies, urban
6163 Loan Brokers
616300 Loan brokers
61630000 Loan brokers
616399 Loan brokers, nec
61639901 Agents, farm or business loan
61639902 Brokers, farm or business loan
61639903 Loan agents
61639904 Mortgage brokers arranging for loans, using money of others
 

What are SIC Codes used for?

  • The Security and Exchange Commission (SEC) uses SIC codes when sorting company filings.
  • Companies that operate in a certain industry use a specific SIC code when filing with the SEC so that the type of business is properly identified.
  • Identifying government contracts by their SIC description.
  • To facilitate the collection, presentation, and analysis of data.
  • To promote uniformity and comparability in the presentation of statistical data collected by various agencies of the federal government, state agencies, and private organizations.

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Why are SIC Codes important?

  • Your SIC code is often asked for on various applications and forms.
  • SIC Codes organize industries utilizing a numerical system that defines a business according to its highest revenue source at a particular location.
  • SIC Codes allow the gathering and analysis of data quickly and efficiently.
  • By identifying your company’s SIC Code, eligibility for government contracts may be realized.
  • To identify competitors, public and private.

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How to Read a SIC Code ?

For Example :

Division 20-39 Manufacturing
Major Group 25 Furniture and Fixtures
Industry Group 25 Office Furniture
Industry 2521 Wood Office Furniture

The first two digits of the code identify the major industry group, the third digit identifies the industry group and the fourth digit identifies the industry.

( Note: The digit "9" is used in the third or fourth digit position of the classification code to designate miscellaneous industries not elsewhere classified (NEC). These miscellaneous classifications are not comprised of homogeneous primary activity groups. They are grouped together and treated as a separate industry in order to retain the homogeneity of the other industries in the group. )