; and (II) any requirement that an applicant needs to be in business for the 1-year period before the civil unrest described in subsection (a)(3)(B)(i), except that no waiver may be made for an eligible entity that was not in operation on January 31, 2020; (ii) the eligible entity shall not be required to show that the eligible entity is unable to obtain credit elsewhere; and (iii) no collateral shall be required for the loan. (B) Repayment Any payments on a loan made to an eligible entity under paragraph (1) are deferred until June 30, 2022, and interest shall not begin to accrue until such date. (5) Application (A) In general Not later than 7 days after the date of enactment of this Act, the Administrator shall begin to accept applications for a loan under paragraph (1). (B) Deadline An eligible entity desiring a loan under this subsection shall submit to the Administrator an application not later than December 31, 2020. (C) Approval and ability to repay With respect to an applicant for a loan made under paragraph (1), the Administrator may— (i) approve the applicant based on the credit score or personal guarantee of the applicant