10 Million Cap Affiliation Rules – Hotel & Restaurants

How do the $10 million cap and affiliation rules work for hotels and restaurants?

Any single business entity (including hotels and restaurants) that is assigned an NAICS code beginning with 72 and employs no more than 500 employees per physical location is eligible to receive a PPP loan. Each hotel and or restaurant location which meets these requirements can apply for separate PPP loans if it uses its unique EIN.