; and (ii) not later than 30 days after the date on which the applicant submits an appeal under clause (i), the Chair shall issue a ruling with respect to the appeal and notify the applicant regarding such ruling. (B) Denial of appeal With respect to an application that the Chair denies in an appeal submitted under subparagraph (A)— (i) not later than 30 days after the date on which the Chair submits the notification required under subparagraph (A)(ii), the applicant may submit to the Administrator an appeal of the ruling made by the Chair; and (ii) not later than 30 days after the date on which the applicant submits an appeal under clause (i), the Administrator shall issue a final ruling with respect to the appeal and notify the applicant regarding such ruling. (3) Priority In reviewing applications and issuing licenses under this section, the Administrator shall give priority to an applicant the management of which consists of at least two socially disadvantaged individuals or economically disadvantaged individuals and at least one track record investment committee member. (4) Expedited procedures The Administrator shall establish expedited procedures for the consideration of an application submitted under subsection (b), including a written report under paragraph (1)(A) not later than 45 days after the initial receipt of an application, for— (A) a small business investment companies licensed under section 301; (B) a rural business investment company; or (C) a bank-owned applicant. (d) Maximum leverage (1) In general For a micro-SBIC that elects to receive leverage under subsection (b)(3), the maximum amount of outstanding leverage made available to any one micro-SBIC may not exceed— (A) 50 percent of the private capital of such micro-SBIC, not to exceed $25,000,000