according to a guy who was just on fox news cavuto, the treasury wrote the certification specs for the bill and the specs do not disallow large companies from applying for the bailout loans, so therefore the treasury screwed up. the guy says that there is a chance to fix the problem for the second wave of bailout money.
fwiw...
Like most colleges and universities, Harvard has been allocated funds as part of the CARES Act Higher Education Emergency Relief Fund.
That is a separate program from the PPP designed to help small businesses retain employees amid the pandemic.