Are you a beginner who wants to learn how to check SIC codes using an API? We’ll explain how to do it and which API is the best for novices in this article.
In business, a classification called the Standard Industrial Classification (SIC) is frequently employed. The SIC numbers assigned to each company and industry allow for distinct identification. Many companies operating in the same sector can use it to identify one another. The SIC code is also used by the US government to collect economic data. Using the SIC code, businesses can provide the government with economic statistics. Businesses can find their rivals with the use of the SIC code.
This data can only be used using a specific tool called an API (Application Programming Interface). You can access data from numerous operating systems or programs thanks to this software. Here, we’ll discuss a SIC Codes Finder API that gives developers access to information about business codes and the industries to which they are related. This kind of API is quite useful for beginners who have just started working in that profession because it enables you to learn more about other businesses in your industry.
Two letters and two numbers make up the four-digit SIC code. The first two digits identify the industry, and the last two digits identify the sub-industry. For instance, a business with the SIC code 1711 is one that operates in the mining sector. Oil and gas extraction is represented by the second digit (11) while mining is represented by the first digit (17).
The SIC codes are crucial for every organization since they provide a plethora of information about a company’s operations and financial status. This data can be used to evaluate a business’s financial standing and determine whether it is a wise investment. It can also be used to decide which markets a business should prioritize in order to grow.
SIC Codes LookUp API
The U.S. government assigns Standard Industrial Classification (SIC) codes, which are four-digit numerical numbers, to commercial firms to indicate their main line of activity.
Every single business will have a principal SIC code. This number denotes the main business of an organization. The major SIC code for a business is determined by the code definition that produced the most income for it at a particular location over the previous year. You may use this API to search for businesses based on their SIC codes. By using the firm name as a search term, you can also get the SIC and NAICS code of the business.
To Make Use Of It, All You Have To Do Is:
- Go to SIC Codes LookUp API and simply click on the button “START FREE TRIAL” to start using the API.
- After signing up in Zyla API Hub, you’ll be ready to start using the API!
- Employ the different API endpoints depending on what you are looking for.
- Once you meet your needed endpoint, make the API call by pressing the button “test endpoint” and see the results on your screen.
With this API you have the possibility to choose between three Endpoints: “Get Companies by SIC Codes”; “Get Company Data by Company SLUG”; “Search Companies by Name”. In this case, we are going to pick the “Get Companies by SIC Codes” Endpoint and see how it works:
{
"sic_code": 7374,
"naics_code": 518210,
"results": {
"details": {
"sic_details": "SIC CODE 7374 - Computer Processing and Data Preparation and Processing Services",
"naics_detail": "NAICS CODE 518210 - Data Processing, Hosting, and Related Services"
},
"companies": [
{
"company_name": "Google Inc",
"company_name_slug": "google-inc",
"company_city_state": "Mountain View, CA, 94043 US"
},
{
"company_name": "Amazon.com Inc",
"company_name_slug": "amazon-com-inc",
"company_city_state": "Seattle, WA, 98109 US"
},
{
"company_name": "Seagate Technology Inc",
"company_name_slug": "seagate-technology-inc",
"company_city_state": "Cupertino, CA, 95014 US"
},
{
"company_name": "Intuit Inc",
"company_name_slug": "intuit-inc",
"company_city_state": "Mountain View, CA, 94043 US"
},
{
"company_name": "Definition 6, LLC",
"company_name_slug": "definition-6-llc","company_city_state": "Atlanta, GA, 30324 US"
},
{
"company_name": "Bridgevine Inc",
"company_name_slug": "bridgevine-inc",
"company_city_state": "Vero Beach, FL, 32960 US"
},
{
(...)
As you can see in the response, after you introduce the SIC Code, it will give you information about the different companies you asked for. Because the response was too long to display, we had to cut it.
This Company Search API will offer a list of the top 100 companies that correspond to a certain known SIC code when supplied the code. This suggests that you’ll find the greatest companies that fit that business model. Obtain additional information as well, such as the NAICS code. Be able to access more data as well, such as the company’s state of incorporation, annual income, and years of operation.