; and (2) the Administration shall establish appropriate collateral standards for loans over $100,000 made under this section except that when a loan over $350,000 is not fully secured by business assets, the Administration shall not require that loan guarantors as described in subparagraph (3) pledge personally owned assets including personal residences and other personally owned real estate as additional collateral on the loan. (e) Personal guarantee During the period beginning on the date of enactment of this section and ending September 30, 2021, with respect to each loan guaranteed under section 7(a) of the Small Business Act ( 15 U.S.C. 636(a) ), no personal guarantee shall be required on loans to cooperatives. 190015. Maximum loan amount for 504 loans (a) Purpose The purpose of this section is to make refinancing of fixed assets more flexible for small business concerns seeking immediate financing and relief from the COVID–19 crisis. (b) 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 portion of a loan that is backed by the CDC shall be $10,000,000. (c) 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 . (d) Refinancing not involving expansions (1) In general Section 502(7) of the Small Business Investment Act of 1958 ( 15 U.S.C. 696(7) ) is amended by adding at the end the following: (C) Refinancing not involving expansions (i) Definitions In this subparagraph— (I) the term borrower means a small business concern that submits an application to a development company for financing