NAICS 522390 Quarterly Industry Report
Other Activities Related to Credit Intermediation
Comprehensive industry research for valuation professionals, business owners, buyers, and lenders
NAICS Code: 522390Sector: Finance and Insurance (52)Updated: Q1 2026
About This Report
This Fair Market Value industry profile for NAICS 522390 provides market data, business trends, and detailed information about establishments engaged in other activities related to credit intermediation. Additional data is drawn from SBA[7].. The report draws from Census Bureau[8] and Bureau of Labor Statistics sources.
Industry Snapshot
Key metrics for the other activities related to credit intermediation industry.
Industry Definition & Overview
Other Activities Related to Credit Intermediation (NAICS 522390) encompasses establishments primarily engaged in credit intermediation activities, excluding mortgage and loan brokerage services and financial transaction processing activities. These businesses provide essential financial services including check cashing, loan servicing, money order issuance, payday lending, money transmission services[5], and travelers' check issuance to consumers and businesses across the United States.
As of recent data, roughly 3,156 establishments operated within this industry, employing 81,528 workers with an annual payroll exceeding $5.7 billion. Workers in this sector earned an average hourly wage of $36.06. Industry growth reflects changing consumer financing patterns, with roughly 12 million borrowers annually accessing payday loans and related credit products per Consumer Financial Protection Bureau[6] data.
Regulation remains a central feature of this industry, with the CFPB implementing protections for payday and installment loan borrowers. Competition from traditional banks offering small-dollar loans and digital fintech platforms continues to reshape market dynamics of credit intermediation services. Mobile payment solutions and digital check cashing apps represent growing channels for service delivery. State-level regulatory frameworks vary widely, with some states capping interest rates on payday loans while others allow market-rate pricing. Industry revenue concentration is low, with the four largest firms generating less than 20% of total market revenue.
What's Included in This Industry
- Check cashing services and money order issuance operations
- Loan servicing and loan portfolio management activities
- Payday lending and short-term personal lending services
- Money transmission and wire transfer operations
- Travelers' check issuance and processing services
- Automobile title lending and similar secured lending
- Financial payment processing and settlement services
- Credit-related customer service and account administration
- Debt collection and account receivables servicing
- Consumer financial counseling and credit advisory services
NAICS Classification Hierarchy
| Level | Description | Code |
|---|---|---|
| Sector | Finance and Insurance | 52 |
| Subsector | Credit Intermediation and Related Activities | 522 |
| Industry Group | Activities Related to Credit Intermediation | 5223 |
| NAICS Industry | Other Activities Related to Credit Intermediation | 52239 |
| National Industry | Other Activities Related to Credit Intermediation | 522390 |
Related NAICS Codes
| Code | Description | Relationship |
|---|---|---|
| 522310 | Mortgage and Nonmortgage Loan Brokers | Mortgage and Nonmortgage Loan Brokers arrange loans between borrowers and lenders on commission, specifically excluding loan servicing activities that fall under NAICS 522390. |
| 522320 | Financial Transactions Processing, Reserve, and Clearinghouse Activities | Financial Transactions Processing covers check clearing, credit card processing, and reserve services, excluding direct loan servicing and consumer credit activities under NAICS 522390. |
| 522110 | Commercial Banking | Commercial Banking represents depository credit institutions that accept deposits and make loans, often partnering with NAICS 522390 providers for specialized credit services. |
| 522291 | Consumer Lending | Consumer Lending focuses on personal loans and consumer credit, while NAICS 522390 covers broader credit support services including payday lending, check cashing, and loan servicing. |
| 523150 | Investment Banking and Securities Intermediation | Investment Banking and Securities Intermediation operates in capital markets, contrasting with NAICS 522390 focus on consumer and small business credit intermediation support activities. |
| 523991 | Trust, Fiduciary, and Custody Activities | Trust, Fiduciary, and Custody Activities provide asset management and fiduciary services, while NAICS 522390 focuses on credit transaction support and alternative lending services. |
Geographic Concentration
Top states by share of national establishments.
| # | State | % Est. | Total Est. |
|---|---|---|---|
| 1 | Texas | 13.4% | 1,625 |
| 2 | California | 12.2% | 1,475 |
| 3 | Florida | 8.6% | 1,037 |
| 4 | Tennessee | 5.2% | 631 |
| 5 | New York | 5.1% | 622 |
| 6 | Michigan | 3.5% | 424 |
| 7 | Illinois | 3.5% | 420 |
| 8 | Louisiana | 3.1% | 378 |
| 9 | Mississippi | 2.9% | 348 |
| 10 | South Carolina | 2.8% | 336 |
% Of Establishments
0%
13%
Source: County Business Patterns, U.S. Census Bureau[3]
SBA Lending Summary
48
Total SBA Loans
$14.3M
Total Loan Volume
$298K
Average Loan Size
10 yrs
Average Loan Term
10.71%
Average Interest Rate
312
Jobs Supported
Source: SBA 7(a) Program Data, U.S. Small Business Administration — FY 2025[4]
Key Insight: Per SBA size standards[9], NAICS 522390 has a size standard of $29 million in average annual receipts for the preceding five fiscal years. Small businesses classified under this code must have annual receipts below this threshold to qualify for SBA loan programs and contracting preferences. Eligible businesses can access SBA 7(a) loans[10] for working capital, equipment, and acquisition financing, while 504 loans[11] support major fixed-asset purchases including real estate and heavy machinery.
Top SBA Lenders
| # | Lender | Loans | Volume | Avg Loan |
|---|---|---|---|---|
| 1 | Readycap Lending, LLC | 24 | $9.6M | $400K |
| 2 | Brookline Bank, a Division of Beacon Bank and Trust | 8 | $2.4M | $300K |
| 3 | The Huntington National Bank | 8 | $1.8M | $225K |
| 4 | Newtek Bank, National Association | 8 | $480K | $60K |
Frequently Asked Questions
Common questions about this industry.
What types of businesses are classified under NAICS 522390?
Per Census Bureau[12] definitions, NAICS 522390 includes check cashing operations, payday lenders, money transmission services, loan servicers, and businesses offering financial payment products. This category excludes mortgage brokers (522310) and transaction processors (522320).
How many workers are employed in this industry?
Per Bureau of Labor Statistics[13] data, NAICS 522390 employed 81,528 workers across 3,156 establishments, with an average hourly wage of $36.06.
What regulations govern payday lending operations under NAICS 522390?
Per CFPB[14] rules, protections for borrowers include payment collection restrictions, requiring lenders to obtain explicit authorization after two failed withdrawal attempts and to provide written notice before non-standard debit requests.
What is the SBA small business size standard for this industry?
Per SBA standards[9], the size threshold for NAICS 522390 is $29 million in average annual receipts over five fiscal years, qualifying businesses below this level for SBA loan and contracting programs.
How does NAICS 522390 differ from mortgage and loan brokerage (522310)?
NAICS 522390 covers transaction-based services like check cashing and loan servicing, while NAICS 522310 covers loan brokerage, arranging loans between borrowers and lenders on a commission or fee basis.
What employment trends are affecting this industry?
Digital transformation through fintech platforms and online lending is reshaping the sector, while competition from traditional banks offering small-dollar loans is intensifying. Per BLS[15] data, employment growth in credit intermediation occupations remains slower than average.
How many consumers use payday lending services annually?
Per Consumer Financial Protection Bureau[6] research, roughly 12 million borrowers take out payday loans each year, primarily through storefront locations.
What services fall under money transmission in NAICS 522390?
Money transmission includes wire transfers, remittance services, and electronic fund transfers. Per BLS industry classifications[5], this covers establishments processing these payment transactions for consumers and businesses.
Sources & References
Government datasets and editorial sources used in this report.
- [1]U.S. Bureau of Labor Statistics, Quarterly Census of Employment and Wages bls.gov
- [2]U.S. Census Bureau, Economic Census census.gov
- [3]U.S. Census Bureau, County Business Patterns census.gov
- [4]U.S. Small Business Administration, SBA 7(a) Loan Program Data data.sba.gov
- [5]money transmission services bls.gov
- [6]Consumer Financial Protection Bureau consumerfinance.gov
- [7]SBA sba.gov
- [8]Census Bureau data.census.gov
- [9]SBA size standards sba.gov
- [10]SBA 7(a) loans sba.gov
- [11]504 loans sba.gov
- [12]Census Bureau census.gov
- [13]Bureau of Labor Statistics bls.gov
- [14]CFPB consumerfinance.gov
- [15]BLS bls.gov
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