Your program needs to collect a 6-digit NAICS code for every business that is being onboarded . The Business object has a mandatory field - “naicsCode” that must be be set when you Create a Business.
NAICS Codes are used to classify businesses into specific industries. NAICS uses a hierarchical structure and is as follows:
- Sector (2-digit code)
- Industry Group (4-digit code)
- National Industry (6-digit code)
Example:
- Construction (23 is the NAICS code)
- Nonresidential Building Construction (2362 is the NAICS code)
- Industrial Building Construction (236210 is the NAICS code)
If a business is best categorized under Industrial Building Construction, the program should send the NAICS code 236210 in the business create or update endpoint.
Please note:
- The response from the get NAICS endpoint will have hundreds of codes; the sample below is just to show the response structure.
- NAICS code cannot be updated once the business is approved/declined.
END POINT
- GET /v1/business/naicscode
RESPONSE
- {
- "data": [
- {
- "code": 61,
- "name": "Educational Services",
- "total": 33,
- "industries": [
- {
- "code": 6111,
- "name": "Elementary",
- "total": 34,
- " subindustries": [
- {
- "code": 611110,
- "name": "Elementary and Secondary Schools"
- }
- ]
- }
- ]
- }
- ],
- "total": 20
- }