; or (bb) of which not less than 25 percent is serving rural areas during the period of the intermediary’s participation in the program. ; and (iii) by adding at the end the following: (G) Grant amounts based on appropriations In any fiscal year in which the amount appropriated to make grants under subparagraph (A) is sufficient to provide to each intermediary that receives a loan under paragraph (1)(B)(i) a grant of not less than 25 percent of the total outstanding balance of loans made to the intermediary under this subsection, the Administration shall make a grant under subparagraph (A) to each intermediary of not less than 25 percent and not more than 30 percent of that total outstanding balance for the intermediary. ; and (C) by striking paragraph (7) and inserting the following: (7) Program funding for microloans Under the program authorized by this subsection, the Administration may fund, on a competitive basis, not more than 300 intermediaries. . (2) Amendment in 2021 Effective on October 1, 2021, section 7(m)(3)(C) of the Small Business Act ( 15 U.S.C. 636(m)(3)(C) ) is amended— (A) by striking $10,000,000 and by inserting $7,000,000 ; and (B) by striking $4,500,000 and inserting $3,000,000 . (c) Temporary waiver of technical assistance grants matching requirements and flexibility on pre- and post-Loan assistance During the period beginning on the date of enactment of this Act and ending on September 30, 2021, the Administration shall waive— (1) the requirement to contribute non-Federal funds under section 7(m)(4)(B) of the Small Business Act ( 15 U.S.C. 636(m)(4)(B) )