; (ix) the term small business concern owned and controlled by socially and economically disadvantaged individuals has the meaning given the term in section 8(d)(3)(C); (x) the term startup means a business that has not yet opened; and (xi) the term veterans advantage loan means a loan made to a small business concern under this subsection that is eligible for a waiver of the guarantee fee under paragraph (18) or the yearly fee under paragraph (23) because the small business concern is a concern described in subclause (VI), (VII), or (VIII) of clause (viii). (C) Establishment There is established a Community Advantage Loan Program under which the Administration may guarantee loans made by covered institutions under this subsection, including loans made to small business concerns in underserved markets. (D) Program levels In each of fiscal years 2020, 2021, 2022, 2023, and 2024, not more than 10 percent of the number of loans guaranteed under this subsection may be guaranteed under the program. (E) New lenders (i) Fiscal years 2020 and 2021 In each of fiscal years 2020 and 2021— (I) not more than 150 covered institutions shall participate in the program; and (II) the Administrator shall allow for new applicants and give priority to applications submitted by any covered institution that is located in an area with insufficient or no lending under the program. (ii) Fiscal years 2022, 2023, and 2024 (I) In general In each of fiscal years 2022, 2023, and 2024— (aa) except as provided in subclause (II), not more than 175 covered institutions shall participate in the program