Powered by LevrNAICS 721191: Bed-and-Breakfast inns
NAICS 721191 is the industry code for bed-and-breakfast inns. Use it on loan applications, tax forms and registrations. Explore financing for hospitality and start your application when you are ready.
What 721191 covers
Bed and breakfast inns provide overnight lodging with breakfast, usually in a converted home with a small number of rooms and an owner living on site.
Included in this code
- Bed and breakfast inns
- Country inns serving breakfast
- Guest houses with breakfast
Not this code
- Hotels: see 721110 Hotels (except casino hotels) and motels
- Vacation rentals: see 721199 All other traveler accommodation
Businesses that use 721191
Financing for this trade
B&B owners finance acquisitions with SBA 7(a) and 504 loans or commercial mortgages, and renovations with SBA or home equity based financing. Lenders look at occupancy, rate, seasonality and the property's value as a residence.
Apply for funding with AIIs 721191 the right code for a bed and breakfast?
Yes, if you operate a small inn providing overnight lodging with breakfast, usually with the owner on site. Larger hotels use 721110. Vacation rentals without breakfast or hosting use 721199. Country inns serving breakfast fit too. If you have many rooms and staff like a hotel, 721110 fits better.
What is the SBA size standard for 721191?
SBA sets the size standard for 721191 at $9 million in average annual receipts, averaged over the last five completed fiscal years and counting affiliates. Bed and breakfast inns at or under that figure qualify as small businesses for SBA 7(a) and 504 loans and for federal small business set asides. Most independent bed and breakfast inns fall well inside the limit, so size is rarely what decides an SBA application.
How are bed and breakfasts financed?
Most buyers use SBA 7(a) or 504 loans or commercial mortgages, since the property is part home and part business. Lenders look at occupancy and average rate history, seasonality, online reviews, the condition of the property and its value as a residence.
What does NAICS 721191 cover?
Bed-and-Breakfast inns. Industry level code in NAICS 2022, under 72 Accommodation and food services, 721 Accommodation, 7211 Traveler accommodation, 72119 Other traveler accommodation.
What financing do NAICS 721191 businesses use?
Equipment financing, working capital, SBA loans and invoice factoring are the products placed most for hospitality businesses. Start an application and the AI matches the deal to lenders that fund this code.
Where do I put NAICS 721191?
On the SBA loan application, on federal Schedule C or Form 1120, on SAM.gov and state registrations, and on most lender applications. A business can report more than one code; use this one if it describes what produces most of your revenue.