NAICS Canada 522220—Sales financing

Where 522220 sits

1. 52 Finance and insurance
2. 522 Credit intermediation and related activities
3. 5222 Non-depository credit intermediation
4. 52222 Sales financing
5. 522220 Sales financing

Description

This Canadian 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.

What 522220 includes

• Purchasing of installment and credit card receivables, created as a result of retail sales to businesses and individuals

What 522220 excludes

• Providing operating leases and financial leases when not engaged in any sales financing (see 532 rental and leasing services)

Example activities

• acceptance companies
• automobile sales finance company
• conditional sales finance companies
• leasing, in combination with sales financing
• sales finance companies
• financing of dealers by motor vehicle manufacturers' organizations
• installment sales finance company

Index entries for 522220

11 entries from the official NAICS Canada alphabetic index that classify under this code.

• Automobile finance leasing companies
• Automobile financing
• Commercial and inventory financing (except international trade financing)
• Equipment finance leasing
• Financing, sales
• Installment sales financing
• Insurance premium financing
• Leasing in combination with sales financing
• Machinery finance leasing
• Sales financing
• Truck finance leasing

522220 in other systems