; (B) forgiveness shall not be subject to section 108(j) of the Internal Revenue Code, as added by paragraph (8)(C); and (C) to receive the forgiveness amount described in subparagraph (A), the eligible recipient shall include in the loan forgiveness application a certification to the Administrator that the eligible recipient was eligible for a covered loan under this section at the time of application for the covered loan. (3) Loan forgiveness for small nonprofits A nonprofit organization described in subsection (a)(5)(B) with not more than 500 full-time employees as of February 15, 2020, that is an eligible recipient of a covered loan and submits an application not later than December 31, 2023, shall be eligible for forgiveness for expenses described in subparagraphs (A) through (F) of subsection (g)(2) using, at the election of the nonprofit organization— (A) the amount obtained using the formula described in paragraph (1), except that gross receipts shall not include donations, grants, dues, and investment income; or (B) the amount obtained using the formula described in paragraph (1), except that the number in subparagraph (A)(ii) of such paragraph shall be— (i) .7 for a nonprofit organization with not more than 50 full-time employees as of February 15, 2020