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Updated about 5 years ago on . Most recent reply

User Stats

27
Posts
6
Votes
Mike M.
  • Northern Virginia
6
Votes |
27
Posts

Business names, credit, and NAICS codes

Mike M.
  • Northern Virginia
Posted

Looking for some input from those with practical experience in the topic, not a legal opinion. I've seen some reference to business names and NAICS codes that are more favorable for obtaining business credit. It is inferred that codes under sector 53, for example, would be viewed as higher risk and therefore harder to qualify for credit. So for a holding/financing entity (LLC that finances and holds property-owning LLCs), sector 55 seems better, but is 551111 or 551114 a better option (reference here)?  For naming, does it matter if your entity is "Company Name Investments", "Company Name Real Estate Investors", "Company Name Capital", "Company Name Group", etc.?

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