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NAICS 523160 size standard: Commodity Contracts Intermediation

Sector 52—Finance and Insurance › Subsector 523—Securities, Commodity Contracts, and Other Financial Investments and Related Activities
$41.5 million
average annual receipts

A business whose primary industry is NAICS 523160 (Commodity Contracts Intermediation) is small for SBA and federal contracting purposes if its average annual receipts, including affiliates, are no more than $41.5 million.

⚠️ SBA’s November 2022 inflation adjustment rule (87 FR 69118, Table 1) and SBA’s downloadable table of size standards (effective March 17, 2023) show this code raised from $41.5 million to $47.0 million, but the amended regulatory text as codified in 13 CFR 121.201 (and eCFR today) still prints $41.5 million, and we found no published correction. We show the eCFR value. If you are between $41.5 million and $47.0 million, confirm with SBA before relying on either figure.

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NAICS 523160 on AwardWatchdog

Before you rely on this

Not legal or professional advice. This is a free estimate from AwardWatchdog based on SBA’s published table. AwardWatchdog is not affiliated with SBA or the U.S. government. Only SBA can make a formal size determination.

Common questions

What is the SBA size standard for NAICS 523160?

A business whose primary industry is NAICS 523160 (Commodity Contracts Intermediation) is small for SBA and federal contracting purposes if its average annual receipts, including affiliates, are no more than $41.5 million. The standard comes from SBA’s table at 13 CFR 121.201 (last amended effective March 17, 2023).

How are average annual receipts calculated?

Generally, total receipts over the most recently completed 5 fiscal years divided by 5, including affiliates (13 CFR 121.104). Firms in business for less than 5 years use a different calculation.

Is this an official size determination?

No. This page is an estimate from AwardWatchdog based on SBA’s published table. Use the official SBA Size Standards Tool at sba.gov and only SBA can make a formal size determination.

Related codes in Securities, Commodity Contracts, and Other Financial Investments and Related Activities

523150 Investment Banking and Securities Intermediation ($47.0M) · 523210 Securities and Commodity Exchanges ($47.0M) · 523910 Miscellaneous Intermediation ($47.0M) · 523940 Portfolio Management and Investment Advice ($47.0M) · 523991 Trust, Fiduciary and Custody Activities ($47.0M) · 523999 Miscellaneous Financial Investment Activities ($47.0M)

Source: 13 CFR 121.201 (SBA table of small business size standards, eCFR current as of October 15, 2026; last amended effective March 17, 2023). See also SBA’s table of size standards.

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