NAICS Canada 52222—Sales financing
Industry · North American Industry Classification System (Canada) (2022 v1.0)
Where 52222 sits
- 52 Finance and insurance
- 522 Credit intermediation and related activities
- 5222 Non-depository credit intermediation
- 52222 Sales financing
Contains 1 narrower code
Description
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.