; or (ii) 85 percent of the balance of the financing outstanding at the time of disbursement of the loan, if such balance is less than or equal to $150,000. . (g) Deferment of 7(a) Loans (1) Definitions (A) Eligible borrower The term eligible borrower means— (i) a small business concern; or (ii) an organization made eligible by subsection (b) of this section for a loan under section 7(a) of the Small Business Act ( 15 U.S.C. 636(a) ). (B) Impacted borrower (i) In general In this subsection, the term impacted borrower means an eligible borrower that— (I) is in operation on March 1, 2020; and (II) has an application for a loan made under section 7(a) of the Small Business Act ( 15 U.S.C. 636(a) ) that is approved or pending approval on or after the date of enactment of this Act. (ii) Presumption For purposes of this subsection, an impacted borrower is presumed to have been adversely impacted by COVID–19. (2) Deferral During the covered period, the Administrator shall— (A) consider each eligible borrower that applies for a loan under section 7(a) of the Small Business Act ( 15 U.S.C. 636(a) ) to be an impacted borrower