; and (2) the term small business concern has the meaning given the term in section 3 of the Small Business Act ( 15 U.S.C. 632 ). 1102. 7 (a) loan program (a) Definition of covered period In this section, the term covered period means the period beginning on March 1, 2020 and ending on December 31, 2020. (b) Increased eligibility for certain small businesses and organizations (1) In general During the covered period, any business concern, private nonprofit organization, or public nonprofit organization which employs not more than 500 employees shall be eligible to receive a loan made under section 7(a) of the Small Business Act ( 15 U.S.C. 636(a) ), in addition to small business concerns. (2) Exclusion of nonprofits receiving Medicaid expenditures Paragraph (1) shall not apply to a nonprofit entity eligible for payment for items or services furnished under a State plan under title XIX of the Social Security Act ( 42 U.S.C. 1396 et seq.) or under a waiver of such plan. (c) Maximum loan amount During the covered period, with respect to any loan guaranteed under section 7(a) of the Small Business Act ( 15 U.S.C. 636(a) ) for which an application is approved or pending approval on or after the date of enactment of this Act, the maximum loan amount shall be the lesser of— (1) the product obtained by multiplying— (A) the average total monthly payments by the applicant for payroll, mortgage payments, rent payments, and payments on any other debt obligations incurred during the 1 year period before the date on which the loan is made, except that, in the case of an applicant that is seasonal employer, as determined by the Administrator, the average total monthly payments for payroll shall be for the period beginning March 1, 2019 and ending June 30, 2019; by (B) 4