The Standard Industrial Classification Codes are used to classify the type of industry of a company. These codes are also helpful for the Division of Corporation Finance, which assigned the responsibility of the company’s filling. This system was created for U.S., Canadian, and Mexican governments as a mutual standard for businesses and companies.
This structure of this code has four-digit numerical codes, that begin with general characteristics to the specifics. This means with one code, you will be able to know the category and business activity of any company. Due to this information can make a huge difference in the improvement of the operations, services, and products, it is necessary to have a tool capable to retrieve this data, and the best option is a companies by name API, especially if you have a developer’s team.
3 Surprising Facts About The Invention Of SIC Codes
For a better understanding of SIC codes, it is important to know three interesting facts about them their creation:
-SIC codes were created in the 1930s and were developed by the Interdepartmental Committee on Industrial Statistics. The classification system has been modified due to changes in the business and industry climate. This also allowed the integration of other types of companies and offer more precise information.
-Despite SIC codes mainly being replaced by a new system called North American Industry Classification System (NAICS), some companies still use SIC codes these days.
-The adoption of NAICS in 1997, was in part to standardize industrial data (and its analysis) between the United States, Mexico, and Canada to reinforce their economic relations.
SIC and NAICS codes are not simple numbers, they help to identify existing customers and their potential by industry, for the classification for tax purposes, to identify government contracts, for the creation of marketing strategies, and much more.
As a developer, you need a powerful tool such as Companies by Name API to retrieve all the data you need for your company, and the best in the market is SIC Codes Lookup API.
Best Companies by Name API: SIC Codes Lookup API
The benefits of the SIC codes can help your business to grow as you want, and a good way to start is by using SIC Codes Lookup API, a tool that will help you to retrieve the data you need from any company you want. But, if you are a developer, you must know these benefits of using this API:
-You may use this API without any issues thanks to its very straightforward user interface. It also operates quite swiftly and consistently produces correct findings.
-Within each SIC code, you can use this API to search for particular categories. This will enable you to learn very particular details about your business or its rivals.
-The SIC Codes LookUp API’s adaptable design enables you to swiftly translate it into a variety of programming languages, such as HTML, PHP, and JSON.
If you want to see how this API works, look at this test: by putting the company slug of “Amazon”, you will be able to see a list of features of this company such as SIC code, city, country, and even the years in the business :
{
"result": {
"company_name": "Amazon.com Inc",
"company_slug": "amazon-com-inc",
"company_sic": 7374,
"company_naics": 518210,
"overview": {
"City": "Seattle",
"County": "King",
"State": "WA",
"Metro Area": "Seattle-Tacoma-Bellevue",
"ZIP": "98109",
"Area Code": "206",
"Country": "United States",
"Time Zone": "Pacific Time",
"Est. Annual Revenue": " High",
"Years In Business": " Well-Established",
"Est. Company Size": " Large",
"City Size": " Large"
}
},
"status": "success"
}
To Start To Test This API Is Very Simple, Jus Follow These Steps:
- If you want to test this API, just follow these steps
- Register for an account on ZylaAPIHub.
- Press the “Start Free Trial” button to start testing the API. By doing this, you will have access to testing it. It is the moment to start this incredible API!