; and (ii) except with respect to an entity included under section 123.300(c) of title 13, Code of Federal Regulations, or any successor regulation, does not include an agricultural enterprise. (C) Economic loss The term economic loss means, with respect to a covered entity, the amount by which the gross receipts of the covered entity declined during an 8-week period between March 2, 2020, and December 31, 2020 (as determined by the covered entity), relative to a comparable 8-week period immediately preceding March 2, 2020, or during 2019 (as determined by the covered entity). (D) Economically disadvantaged individual The term economically disadvantaged individual means an economically disadvantaged individual under section 124.104 of title 13, Code of Federal Regulations, or any successor regulation. (E) Low-income community The term low-income community has the meaning given the term in section 45D(e) of the Internal Revenue Code of 1986. (F) Remote recreations enterprise The term remote recreational enterprise means a covered entity that was in operation on or before March 1, 2020, that can document an economic loss caused by the closure of the United States and Canadian border that restricted the ability of American customers to access the location of the covered entity. (G) Small business concern The term small business concern has the meaning given the term under section 3(a) of the Small Business Act ( 15 U.S.C. 632(a) ). (H) Socially disadvantaged individual The term socially disadvantaged individual means a socially disadvantaged individual under section 124.103 of title 13, Code of Federal Regulations, or any successor regulation. (2) Procedure During the covered period, a covered entity that applies for a loan under section 7(b)(2) of the Small Business Act ( 15 U.S.C. 636(b)(2) ) may request that the Administrator provide funding for the purposes described in paragraph (6). (3) Verification With respect to each request submitted by an entity under paragraph (2), the Administrator shall— (A) not later