; and (2) has not received such a loan during the period beginning on February 15, 2020, and ending on December 31, 2020. (f) Program administration Under the infrastructure of the Department of the Treasury and with guidance from the Secretary of the Treasury, the Administrator shall administer the program established under this section, including the making and purchasing of guarantees on loans under the program, until the date on which the national emergency declared by the President under the National Emergencies Act ( 50 U.S.C. 1601 et seq.) with respect to the Coronavirus Disease 2019 (COVID–19) expires. (g) Criminal penalties A loan under this section shall be deemed to be a loan under the Small Business Act ( 15 U.S.C. 631 et seq.) for purposes of section 16 of such Act ( 15 U.S.C. 645 ). 8. Emergency EIDL grants (a) Definitions In this section— (1) the term covered period means the period beginning on January 31, 2020, and ending on December 31, 2020; and (2) the term eligible entity means— (A) a startup with not more than 500 employees; (B) any individual who operates under a sole proprietorship or as an independent contractor; (C) a cooperative with not more than 500 employees; or (D) an ESOP (as defined in section 3 of the Small Business Act ( 15 U.S.C. 632 )) with not more than 500 employees. (b) 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 ( 15 U.S.C. 636(b)(2) ). (c) Terms; credit elsewhere With respect to a loan made under section 7(b)(2) of the Small Business Act ( 15 U.S.C. 636(b)(2) ) in response to COVID–19 during the covered period, the Administrator shall waive— (1) any rules related the personal guarantee on advances and loans of not more than $200,000 during the covered period for all applicants