; and (II) for a loan in an amount greater than $350,000, of not more than 75 percent. . (2) Prospective repeal Effective January 1, 2021, section 7(a)(31)(A)(iv) of the Small Business Act ( 15 U.S.C. 636(a)(31) ), as amended by paragraph (1), is amended by striking guarantee rate and all that follows through the period at the end and inserting guarantee rate of not more than 50 percent. . 90012. Maximum loan amount for 7 (a) loans During the period beginning on the date of enactment of this section and ending on September 30, 2021, with respect to any loan guaranteed under section 7(a) of the Small Business Act ( 15 U.S.C. 636(a) ) for which an application is approved or pending approval on or after the date of enactment of this section, the maximum loan amount shall be $10,000,000. 90013. Maximum loan amount for 504 loans (a) Temporary increase During the period beginning on the date of enactment of this section and ending on September 30, 2021, with respect to each project or loan guaranteed by the Administrator pursuant to title V of the Small Business Investment Act of 1958 ( 15 U.S.C. 695 et seq.) for which an application is approved or pending approval on or after the date of enactment of this section, the maximum loan amount shall be $10,000,000. (b) Permanent increase for small manufacturers Effective on October 1, 2021, section 502(2)(A)(iii) of the Small Business Investment Act of 1958 ( 15 U.S.C. 696(2)(A)(iii) ) is amended by striking $5,500,000 and inserting $10,000,000 . (c) Low-interest refinancing under the local development business loan program (1) Repeal Section 521(a) of division E of the Consolidated Appropriations Act, 2016 ( Public Law 114–113 ; 129 Stat. 2463