This will be a new loan program to give 2.5x the average monthly payroll costs over the last year, and can be forgiven if the company doesn't lay off anyone.
Good overview: https://www.venable.com/insights/publications/2020/03/the-ca...
It might make senses for startups to wait a few days and weigh each program.
For very small teams, freelancers and sole proprietors, the disaster loans win out for its easier underwriting and approval process-- there is no need to go through a bank.
But if I had a large team I would go with this option.
The "affiliation guide" specifies what counts as a small business and prevents a single organization from creating many smaller companies to get SBA benefits. I'm not sure if it changed for these new benefits.
Here is the guide: https://www.sba.gov/document/support--affiliation-guide-size...