How Do SIC Codes Work?
The first three digits of the SIC code indicate the industry sector. The next two digits indicate the subsector, while the last digit indicates the company’s type or function. For instance, if a company’s SIC code is “5231,” it means that it belongs to the “Food and Beverage Manufacturing” sector, which is part of the “Manufacturing” subsector.
The SIC codes are issued by the United States Bureau of Economic Analysis (BEA) and are used by companies to classify their financial data. They are also used by investors and analysts to analyze a company’s financial performance and compare it with other companies in the same sector.
SIC codes are also used by businesses to track their financial performance over time. By comparing their SIC codes over time, businesses can see how well they are doing in different sectors and subsectors.
Why Use An API To Get SIC Codes?
APIs are interfaces that connect different software programs and allow them to communicate with each other. They can be used to automate tasks and make life easier for both businesses and consumers.
In this case, an SIC codes API can be used to automate the process of gathering information about companies. This information can then be used to create databases or websites where investors can access this data.
In addition, an API can be used to automatically generate reports based on this data. This can save time and money for both businesses and investors.
If you want to find out more about these kinds of APIs we recommend you try: Company Info API
With this API you can get all sorts of information about companies in seconds. Just with the name of the company you will get all its details including address, phone number, revenue, etc.
What This API Receives And What Your API Provides?
To get all the information about any company, this API only needs the name of the company, and it will get you all the details you need. All the information will be presented to you in an easy-to-understand format, so there will be no need for you to dig through complicated documents. This is an easy-to-use API that will save you a lot of time and trouble.
What Are The Most Common Uses Cases Of This API?
This API is ideal for those businesses that need to get information from companies before they make any deals with them. With this information at your disposal, you will be able to make an informed decision before signing any contracts.
To make use of it, you must first:
1- Go to SIC Codes LookUp API and simply click on the button "Subscribe for free" to start using the API.
2- After signing up in Zyla API Hub, you’ll be given your personal API key. Using this one-of-a-kind combination of numbers and letters, you’ll be able to use, connect, and manage APIs!
3- Employ the different API endpoints depending on what you are looking for.
4- Once you meet your needed endpoint, make the API call by pressing the button “run” and see the results on your screen.
Related Post: Implementing RealTime SIC Codes LookUp API
