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Form 3508S starts out with 2 statements that together seem a bit odd. Can only use it for ppp loans under $50k and separately, in case there's any confusion here, you can't use it for loans equal or greater than $2,000,000. Because I guess some people might think a $2M loan is less than $50,000.
It's not quite as absurd as it looks at first glance because that 2nd statement catches things like if you structured a business as a ton of subsidiaries that all got tiny loans that together added up to over $2M none of them can use this form, but that's sketchy on the face of it anyway.