Offices of Bank Holding Companies — NAICS 551111

About NAICS 551111

Offices of Bank Holding Companies. This industry falls under the Management of Companies and Enterprises sector (NAICS codes beginning with 55).

Federal agencies use NAICS code 551111 when posting contract opportunities on SAM.gov to classify the type of work being solicited. Businesses that operate in the offices of bank holding companies space should include this code in their SAM.gov registration and capability statements to ensure they appear in relevant searches.

How to Use NAICS 551111 in Federal Contracting

To compete for federal contracts under NAICS 551111, your business should be registered in SAM.gov with this NAICS code listed in your entity profile. When agencies post solicitations for offices of bank holding companies work, they reference this code to determine the applicable small business size standard and any set-aside eligibility.

If you hold certifications such as 8(a), HUBZone, SDVOSB, or WOSB, you may be eligible for set-aside contracts under this NAICS code. These set-asides limit competition to certified small businesses, giving you a significant advantage in winning federal work.

FedOverwatch monitors SAM.gov daily and can automatically match you with new opportunities under NAICS 551111. Set up your profile with your NAICS codes and certifications to receive personalized contract alerts.

Size Standards

The SBA establishes size standards for each NAICS code to define what qualifies as a "small business" for federal contracting purposes. For NAICS 551111 (Offices of Bank Holding Companies), the size standard is based on either average annual receipts or number of employees, depending on the specific industry. Meeting the size standard for your primary NAICS code is required to qualify for small business set-aside contracts.

Visit the SBA Size Standards Table to find the current threshold for NAICS 551111.