; or (ii) any other non-cash benefit; (B) rent; (C) utilities; (D) scheduled mortgage interest payments on existing mortgages as of February 15, 2020; (E) scheduled interest payments on other scheduled debt as of February 15, 2020; (F) costs related to personal protective equipment, which shall include N95 masks and authorized equivalent respirator masks, surgical masks, exam gloves, face shields, head covers, isolation gowns, and coveralls; (G) payments of principal on outstanding loans as of February 15, 2020, not including the prepayment of any obligation for a period in excess of a month unless the payment for such period is customarily due in advance; (H) payments of principal on outstanding loans; (I) payments made to independent contractors, as reported on Internal Revenue Service Form–1099 NEC; (J) other ordinary and necessary business expenses, including— (i) settling existing debts owed to vendors and replenishing inventory; (ii) franchise fees; (iii) management fees paid to third parties on an arm's length basis; (iv) maintenance expenses; (v) administrative costs; (vi) taxes; (vii) operating leases; and (viii) any other capital expenditure or expense required under any State, local, or Federal law or guideline related to social distancing as a result of COVID–19. (3) Prohibited expenses An eligible recipient may not use the proceeds of a covered loan— (A) to purchase real estate; (B) for payments of interest or principal on loans originated after February 15, 2020; (C) to invest or re-lend funds; (D) for contributions or expenditures to, or on behalf of, any political party, party committee, or candidate for elective office; (E) for expenses related to any acquisition or divestiture