11/11/2023 0 Comments Monthly gross receipts example sba![]() Such a business can have more than 500 employees, so long as that business employs not more than 500 employees per physical location. Sole proprietors, independent contractors, and “eligible self-employed individuals” (as defined in the Families First Coronavirus Response Act) are also eligible, so long as they submit documentation evidencing eligibility (including payroll tax filings reported to the IRS, Forms 1099-MISC, and income and expenses).Īn important exception has been made for a business that, at the time of loan disbursal, is assigned an NAICS code beginning with 72 (accommodation and food services), or is majority owned or controlled by a business with – or has a trade or business that falls under – an NAICS code beginning with 511110 (newspaper publishers) or 5151 (radio and television broadcasting), or is an eligible nonprofit organization that is assigned an NAICS code beginning with 5151 (radio and television broadcasting).
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