Certain codes are associated with industries that pose more risk than others. If you happen to choose one of these high risk codes unnecessarily. You may get a funding denial. If you understand how the system works, you can choose the best code the first time.
NAICS
Your NAICS code is a part of the calculus of fundability™ of your business. Lower-risk codes will tend to be better. But if your business has several other positive fundability™ factors, the code matters less. A well setup business with $2 million in sales every month should be able to get money no matter what their code is.
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