Industry Description
Establishments primarily engaged in arranging loans for others. These establishments operate mostly on a commission or fee basis and do not ordinarily have any continuing relationship with either borrower or lender.
Business Examples
Common types of business activities within US SIC 6163 - Loan Brokers are:
- Agents, farm or business loan
- Brokers, farm or business loan
- Loan agents
- Loan brokers
- Mortgage brokers arranging for loans but using money of others
IBISWorld Industry Research Report
Loan Brokers in the US (52231)
Revenue 2025
$9.3bn
Growth 2025
-3.79%
Key Trends
New legislation serves to amend previously restrictive mortgage lending practices to further encourage lending activity
Demand for loans is particularly sensitive to interest rates charged by lending institutions
Online mortgage lenders will remain the industry's primary source of competition
Products and Services
US-SIC Hierarchy 6163 - Loan Brokers
US-SIC Code 6163 - Loan Brokers sits in the 2-digit Loan Brokers sector. US SIC codes can be 2 to 8 digits and the further along the hierarchy, the more detailed and specific the category will be.
Division: H
Division Title: Finance, Insurance, and Real Estate
2 Digits 3 Digits 4 Digits
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601 Central Reserve Depository Institutions
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602 Commercial Banks
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603 Savings Institutions
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606 Credit Unions
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608 Foreign Banking and Branches and Agencies Of
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609 Functions Related To Depository Banking
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611 Federal and Federally-sponsored Credit Agencies
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614 Personal Credit Institutions
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615 Business Credit Institutions
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616 Mortgage Bankers and Brokers
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621 Security Brokers, Dealers, and Flotation
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622 Commodity Contracts Brokers and Dealers
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623 Security and Commodity Exchanges
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628 Services Allied With the Exchange of Securities
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631 Life Insurance
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632 Accident and Health Insurance and Medical
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633 Fire, Marine, and Casualty Insurance
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635 Surety Insurance
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636 Title Insurance
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637 Pension, Health, and Welfare Funds
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639 Insurance Carriers, Not Elsewhere Classified
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651 Real Estate Operators (except Developers) and Lessors
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653 Real Estate Agents and Managers
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654 Title Abstract Offices
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655 Land Subdividers and Developers
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671 Holding Offices
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672 Investment Offices
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673 Trusts
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679 Miscellaneous Investing
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Extended US-SIC Hierarchy for 6163 - Loan Brokers
For business marketing and targeting, US SIC Codes have been extended to provide more specific classifications within US-SIC 6163 - Loan Brokers. Extended US SIC Codes are being continuously updated to reflect the current business environment.
6 Digit SIC Codes
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616301 Loan brokerage
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616303 Viatical settlements
8 Digit SIC Codes
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61630000 Loan brokers
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61639900 Loan brokers, nec
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61639901 Agents, farm or business loan
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61639902 Brokers, farm or business loan
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61639903 Loan agents
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61639904 Mortgage brokers arranging for loans, using money of others
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US SIC Code Directory
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