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We won't have a licence come December, but wanted to use Zoom to run a webinar for a minimum of 500 or so delegates.. but Is there a 'max capacity' of delegates for a webinar if you don't have a licence?
If you don't have a Webinar add-on license, you won't be able to start a webinar at all.
Looking at the Zoom pricing and options pages (https://zoom.us/pricing/ and https://zoom.us/pricing/events), you'd need to have at least a paid account (like Pro for $14.99/month) and a Webinar add-on license (500 attendee maximum for $79/month). If you timed things correctly and don't need/want the Pro account and Webinar add-on long-term, you could probably get by with just a 1 month subscription for both. (Note: You need a paid account in order to add the Webinar add-on license.)
If that's out of your budget range*, you might ask around in your circle of potential attendees to see if anyone has a Webinar license that would be willing to be the webinar host on your behalf.
* I get it that nonprofits and small businesses have tight budgets. That's why I focus a lot of my energy on helping them out when I can.