; 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) ), as amended by paragraph (1)(A), is further 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 section 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) ); and (2) the limitation on amounts allowed to be expended to provide information and technical assistance under clause (i) of section 7(m)(4)(E) of the Small Business Act ( 15 U.S.C. 636(m)(4)(E) ) and enter into third-party contracts to provide technical assistance under clause (ii) of such section 7(m)(4)(E). (d) Temporary duration of loans to borrowers (1) In general During the period beginning on the date of enactment of this section and ending on September 30, 2021, the duration of a loan made by an eligible intermediary under section 7(m) of the Small Business Act ( 15 U.S.C. 636(m) )— (A) to an existing borrower may be extended to not more than 8 years