52222 Sales financing

What code 52222 includes

This industry comprises establishments primarily engaged in sales financing. Establishments primarily engaged in providing financial leases or operating leases are also included if they are engaged in any sales financing. Sales financing establishments lend money to consumers and businesses, for the purchase of goods and services, using a contractual installment sales agreement, often either directly from, or through arrangements with, dealers of the products. Examples of establishments in this industry are acceptance companies of motor vehicle manufacturers and heavy equipment manufacturers. Establishments engaged in the purchase of installment and credit card receivables, created as a result of retail sales to businesses and individuals, are included.

Classification Hierarchy

• Sector 52 — Finance and insurance
• Subsector 522 — Credit intermediation and related activities
• Industry group 5222 — Non-depository credit intermediation
• Industry 52222 — Sales financing