; and (ii) for any covered loan of not more than $10,000,000 that is made to an eligible recipient with more than 500 full-time employees as of February 15, 2020, in the aggregate, without regard to any waiver of applicable affiliation rules, pay 50 percent of the amount of the applicable origination fee described in subparagraph (A). (C) Payment by eligible recipient After any applicable payments by the Administrator under subparagraph (B), the eligible recipient of a covered loan— (i) shall be responsible for paying the remainder of any applicable origination fee under subparagraph (A); and (ii) may finance the amount of the applicable origination fee as part of the covered loan amount, with such origination fee amount not counting toward the limitation on covered loan amounts described in paragraph (2)(A). (7) Streamlined procedures The Administrator and the Secretary shall establish streamlined application and loan approval procedures for eligible recipients with not more than 500 full-time employees, including by allowing an eligible recipient to use an existing application submitted to a lender for the loan program under section 7(a)(36) of the Small Business Act ( 15 U.S.C. 636(a)(36) ) and update the application as necessary for purposes of applying for a covered loan. (8) Application (A) Availability The Administrator shall make available the application for a covered loan in the 10 most commonly spoken languages, other than English, in the United States, which shall include Spanish, Mandarin, Cantonese, Japanese, and Korean. (B) Guidance Not later than 15 days after the date of enactment of this Act, the Administrator and the Secretary shall issue guidance to allow lenders to receive applications for covered loans. (C) Deadline for response A lender that receives an application for a covered loan shall— (i) not later than 2 days after submission of the application to the Administrator, notify the applicant that the lender submitted the application and provide the confirmation number