Demystifying the CARES Act Webinar - April 3, 2020 CARES Act Webinar – BD 4.3.2020 | Page 16

PAYCHECK PROTECTION PROGRAM (PPP)
500 EMPLOYEE LIMIT WAIVED FOR:
Accommodation and food service businesses, with
NAICS code 72 (unless the SBA has made a larger
designation for a specific industry, see SBA.gov)
Franchises, where SBA assigns a franchise identifier
code
Business receiving financial assistance from a small
business investment company (SBIC) licensed by
SBA.
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