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August 09, 2020

Eligibility for the PPP and SBA Franchise Identification Numbers

The Paycheck Protection Program (PPP) is available to:

  • Dealers with fewer than 500 employees and;
  • Dealer groups with common ownership or common control which qualify for a PPP Affiliation Rule Waiver.  
    • Dealers must operate as a franchise and have a Franchise Identifier Code (FIC) issued by the SBA

Dealership groups applying for a PPP loan should provide their FIC number at time of application.  A copy of the SBA directory of Franchise Identifier Codes is  located: HERE

Follow this link to download a copy of the OEM FIC Chart