; (B) the demonstrated working waterfront needs of the coastal State as outlined by a working waterfront plan approved for the coastal State under subsection 320(d), and the value of the proposed loan for the implementation of such plan; (C) the ability to successfully leverage loan funds among participating entities, including Federal programs, regional organizations, State and other government units, landowners, corporations, or private organizations; (D) the potential for rapid turnover in the ownership of working waterfront in the coastal State, and where applicable the need for coastal States to respond quickly when properties in existing or potential working waterfront areas or public access areas as identified in the working waterfront plan submitted by the coastal State come under threat or become available; (E) the impact of the loan on the coastal ecosystem and the users of the coastal ecosystem; and (F) the extent of the historic connection between working waterfronts for which the loan will be used and the local communities within the coastal State. (d) Loan amount and terms (1) The amount of a loan under this section— (A) shall be not less than $100,000; and (B) shall not exceed 15 percent of the amount in the Fund as of July 1 of the fiscal year in which the loan is made. (2) The interest rate for a loan under this section shall not exceed 4 percent. (3) The repayment term for a loan under this section shall not exceed 20 years. (e) Deadline for approval The Secretary shall approve or reject an application for a loan under this section within 60 days after receiving an application for the loan. (f) Limit on administrative costs No more than 5 percent of the funds made available to the Secretary under this section may be used by the Secretary for planning or administration of the program under this section. (g) Definitions The definitions in section 320(m) shall apply to this section. (h) Authorization of appropriations There is authorized to be appropriated to the Fund $12,000,000. .