The CARES Act has provided funding for two emergency loan programs overseen by the SBA: The Payroll Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL).
To qualify for either of these programs, the business must operate within the declared disaster area, and must be a small business, which, according to the SBA, is any company with 500 or fewer employees. Companies with more than 500 employees may also qualify based on gross receipts. The allowable ranges vary by industry. The SBA provides a tool for ascertaining whether a company with over 500 employees qualifies.
Size Standards Tool