What is NAICS 72?
NAICS 72 codes include entities in accommodation and food services, such as restaurants & bars, caterers, hotels & motels, and camps. The second round of PPP Loans allow employers under NAICS 72 codes the ability to obtain a loan for 3.5x their average monthly payroll as opposed to 2.5x for other employers.
The North American Industry Classification System ( NAICS) is the standard used by Federal statistical agencies in classifying business establishments for the purpose of collecting, analyzing, and publishing statistical data related to the U.S. business economy. Businesses self-indicate this code on their tax return, and is often requested by lenders.
In general, Accommodation and Food Services NAICS 72 Codes include the following entities:
- Restaurants and bars
- Food service contractors & caterers
- Hotels, motels, bed & breakfast inns, RV parks & camps, & other traveler accommodations
- Rooming & boarding houses, dorms & workers' camps
Disclaimer: This information is provided as a self-help tool and does not constitute legal or financial advice. Laws, regulations and lending products are changing daily and decisions as to whether or how to use this information and/or what actions to take are solely those of the employer. The providers of this information disclaim any and all responsibility and liability for its accuracy, completeness or fitness for your particular business purposes.