; and (bb) the product obtained by multiplying— (AA) the number of part-time employees of the borrower on the date on which the borrower applies for a loan under this subparagraph; by (BB) the quotient obtained by dividing the average number of hours each part time employee of the borrower works each week by 40. (v) Nondelegation Notwithstanding section 508(e), the Administrator may not permit a premier certified lender to approve or disapprove an application for assistance under this subparagraph. (vi) Total amount of loans The Administrator may provide not more than a total of $7,500,000,000 of financing under this subparagraph for each fiscal year. . (2) Conforming amendment Section 521 of division E of the Consolidated Appropriations Act, 2016 ( 15 U.S.C. 696 note) is repealed. (c) Intent of Congress regarding refinancing existing business debt It is the intent of Congress that the refinancing of existing business debt is an authorized use of a financing under the program under title V of the Small Business Investment Act of 1958 ( 15 U.S.C. 695 et seq.). (d) 504 debt refinance with expansion Section 502(7)(B) of the Small Business Investment Act of 1958 ( 15 U.S.C. 696(7)(B) ) is amended, in the matter preceding clause (i), by striking 50 and inserting 100 . 13. Recovery assistance for microbusinesses (a) Purpose The purpose of this section is to allow lenders to deploy more capital, give borrowers more time to repay, increase rural lending, and cut technical assistance red tape. (b) Loans to intermediaries (1) In general Section 7(m) of the Small Business Act ( 15 U.S.C. 636(m) ) is amended— (A) in paragraph (3)(C)— (i) by striking and $6,000,000 and inserting $10,000,000, in the aggregate, ; and (ii) by inserting before the period at the end the following: , and $4,500,000 in any of those remaining years ; (B) in paragraph (4)— (i) in subparagraph (A), by striking subparagraph (C) each place that term appears and inserting subparagraphs (C) and (G)