Return of funds An eligible recipient that received assistance under section 4003 of the CARES Act ( Public Law 116–136 ) may apply for a covered loan if the eligible recipient returns the funds received under such section 4003. (6) Business concerns with more than 1 physical location A business concern that employs not more than 500 full-time employees per physical location of the business concern and that is assigned a North American Industry Classification System code beginning with 72 at the time of disbursal shall be eligible to receive a covered loan of not more than $25,000,000 if the number of full-time employees, in the aggregate, does not exceed 5,000. (7) Waiver of affiliation rules (A) In general The provisions applicable to affiliations under section 121.103 of title 13, Code of Federal Regulations, or any successor regulation, are waived with respect to eligibility for a covered loan for— (i) any eligible recipient with not more than 500 full-time employees that is assigned a North American Industry Classification System code beginning with 72