Accommodation and Food Services

NAICS 7225 · Accommodation and Food Services sector · 495,935 loans · $58.21B

Total Loans
495,935
Total Approved
$58.21B
Avg $117,365/loan
Loans Forgiven
476,635
96.1% forgiveness rate
Amount Forgiven
$56.53B
Jobs Reported
10,554,508

Businesses and organizations in the Accommodation and Food Services industry (NAICS code 7225, part of the Accommodation and Food Services sector) received 495,935 PPP loans totaling $58.21B during the COVID-19 pandemic.

The average loan for this industry was $117,365 — above the national PPP average of approximately $67,000. This reflects the small business character of most participants in this industry, typically sole proprietors and micro-businesses with modest payroll obligations.

96.1% of loans in this industry were forgiven — totaling $56.53B. To qualify for forgiveness, borrowers had to demonstrate that they maintained headcount and compensation levels and used at least 60% of loan proceeds for payroll expenses.

Notable recipients in this industry include COURTESY CORPORATION of ONALASKA, WI ($10,000,000); MAD ANTHONY'S INCORPORATED of KIRKLAND, WA ($10,000,000); and WINGMEN V LLC of VANCOUVER, WA ($10,000,000).

The loan amount distribution for this industry shows a more even spread across loan sizes, suggesting a mix of small and mid-sized businesses. Because borrower names are withheld for loans under $150,000, a substantial portion of recipients in this industry may not appear by name in this dataset.

As part of the broader Accommodation and Food Services sector — hotels, motels, restaurants, bars, food service contractors, and caterers. — businesses in NAICS 7225 were particularly impacted by the pandemic-era shutdowns and capacity restrictions that drove many businesses to apply for emergency relief.

Search all loans in this industry →