Hotel and Restaurant PPP loans

Arguably no industries have been more negatively impacted from Covid than lodging and food services. Congress recognized this and any business with North American Industry Classification System (NAICS) code that begins with 72 can apply for loans that are 3.5x average monthly payroll costs (compared to 2.5x with most businesses).Hopefully, the 3.5x average monthly costs PPP loans will allow the nation’s hotels and restaurants to start to recover financially and retain staff.

Here are some important rules related to hotels and restaurants and other food industry businesses to keep in mind for those applying for Second Draw PPP loans:

  • Employs no more than 300 employees per physical location if NAICS Code 72 (accommodation and food services).
  • Realized a reduction in gross receipts (aka revenues) in excess of 25% relative to the relevant comparison time period.
  • Was in operation on February 15, 2020 and has not permanently closed.

Hotels and restaurants are encouraged to apply as soon as possible as we predict the funds for Second Draw PPP loans will be depleted quickly. We answer many questions regarding the Second Draw PPP program in our Economic Aid PPP loans FAQs post.


Popular NAICS “72” Codes

Sector 72–Accommodation and Food Services

The Accommodation and Food Services sector comprises establishments providing customers with lodging and/or preparing meals, snacks, and beverages for immediate consumption.


721110 Hotels (except Casino Hotels) and Motels

Establishments primarily engaged in providing short-term lodging in facilities known as hotels, motor hotels, resort hotels, and motels.


721191 Bed-and-Breakfast Inns

Establishments primarily engaged in providing short-term lodging in facilities known as bed-and-breakfast inns.


721199 All Other Traveler Accommodation

Establishments primarily engaged in providing short-term lodging (e.g., guest houses, housekeeping cabins and cottages, tourist homes and youth hostels).

721211 RV (Recreational Vehicle) Parks and Campgrounds

Establishments primarily engaged in operating sites to accommodate campers and their equipment, including tents, tent trailers, travel trailers, and RVs (recreational vehicles).


721214 Recreational and Vacation Camps (except Campgrounds)

Establishments primarily engaged in operating overnight recreational camps, such as children’s camps, family vacation camps, hunting and fishing camps, and outdoor adventure retreats that offer trail riding, white-water rafting, hiking, and similar activities (e.g., fishing camps, hunting camps, outdoor adventure retreats, vacation camps except instructional or day, and wilderness camps)


722110 Full-Service Restaurants

Establishments primarily engaged in providing food services to patrons who order and are served while seated (i.e. waiter/waitress service) and pay after eating.


722211 Limited-Service Restaurants


722212 Cafeterias

Cafeterias engaged in preparing and serving meals for immediate consumption using cafeteria-style serving equipment, such as steam tables, a refrigerated area, and self-service nonalcoholic beverage dispensing equipment.


722213 Snack and Nonalcoholic Beverage Bars

Establishments primarily engaged in (1) preparing and/or serving a specialty snack, such as ice cream, frozen yogurt, cookies, or popcorn or (2) serving nonalcoholic beverages, such as coffee, juices, or sodas for consumption on or near the premises such as beverage bars, ice cream parlors, and on-premises banking businesses such as bagel, cookie, donut,and pretzel shops.


722310 Food Service Contractors

Establishments primarily engaged in providing food services at institutional, governmental, commercial, or industrial locations of others based on contractual arrangements with these type of organizations for a specified period of time such as airline food services contractors, cafeteria food services contractors (i.e., at schools, hospitals, government offices), and food concession contractors (i.e., at sporting, entertainment, convention facilities)


722320 Caterers

This industry comprises establishments primarily engaged in providing single event-based food services. These establishments generally have equipment and vehicles to transport meals and snacks to events and/or prepare food at an off-premise site. Banquet halls with catering staff are included in this industry.


722330 Mobile Food Services

Establishments primarily engaged in preparing and serving meals and snacks for immediate consumption from motorized vehicles or nonmotorized carts (e.g., ice cream truck vendors, mobile canteens, mobile food concession stands, mobile food carts, mobile refreshment stands, and mobile snack stands


722410 Drinking Places (Alcoholic Beverages)

Bars, taverns, nightclubs or drinking places primarily engaged in preparing and serving alcoholic beverages for immediate consumption. These establishments may also provide limited food services.

Other popular sources of SBA loan data:

  1. California SBA loans
  2. Florida SBA loans
  3. Georgia SBA loans
  4. Illinois SBA loans
  5. New York SBA loans
  6. Michigan SBA loans
  7. Ohio SBA loans
  8. Pennsylvania SBA loans
  9. Texas SBA loans