; and (3) by adding at the end the following new subparagraph: (C) Fees for certain small business concerns (i) Guarantee fee waiver The Administrator may not collect a guarantee fee described in subparagraph (A) in connection with a loan made in the amount of $125,000 or less under this subsection (other than a loan that is repayable in 1 year or less) if such loan is made to a small business concern owned and controlled by veterans, small business concern owned and controlled by socially and economically disadvantaged individuals, or small business concern owned and controlled by women. (ii) Reduced fee With respect to each loan guaranteed under this subsection (other than a loan that is repayable in 1 year or less) made to a small business concern owned and controlled by veterans, small business concern owned and controlled by socially and economically disadvantaged individuals, or small business concern owned and controlled by women, the Administration shall collect a guarantee fee, which shall be payable by the participating lender and may be charged to the borrower, in an amount not to exceed 1 percent of the deferred participation share of a total loan amount that is more than $125,000, but not more than $350,000. (iii) Definitions In this subparagraph: (I) Small business concern owned and controlled by socially and economically disadvantaged individuals The term small business concern owned and controlled by socially and economically disadvantaged individuals has the meaning given in section 8(d)(3)(C). (II) Small business concern owned and controlled by veterans The term small business concern owned and controlled by veterans has the meaning given in section 3(q). (III) Small business concern owned and controlled by women The term small business concern owned and controlled by women has the meaning given in section 3(n). . (b) SBA Express Loan guarantee fee waiver Section 7(a)(31) of the Small Business Act ( 15 U.S.C. 636(a)(31) ) is amended by adding at the end the following new subparagraph: (I)