CARES Act - Payroll Protection Program

Eligible Entities

During the covered period, in addition to small business concerns, private nonprofit organizations, and small agricultural cooperatives, an eligible entity shall be eligible for a loan made under section 7(b)(2) of the Small Business Act U.S.C. 636(b)(2))

the term ‘‘eligible entity’’ means:

  • a business with not more than 500 employees.
    1. BUSINESS CONCERNS WITH MORE THAN 1 PHYSICAL LOCATION.—During the covered period, any business concern that employs not more than 500 employees per physical location of the business concern and that is assigned a North American Industry Classification System code NAICS) beginning with 72 at the time of disbursal shall be eligible to receive a covered loan.

(B) any individual who operates under a sole proprietorship, with or without employees, or as an independent contractor. 

(C) a cooperative with not more than 500 employees.

(D) an ESOP (as defined in section 3 of the Small Business Act (15 U.S.C. 632)) with not more than 500 employees: or

(E) a tribal small business concern, as described in section 31(b)(2)(C) of the Small Business Act (15 U.S.C. 657a(b)(2)(C)), with not more than 500 employees.

Loan Amounts & Terms
Miscellaneous Program Waivers
For Lenders
Important: New and Existing SBA loans
CARES Act Download