items specified by any public health authority to mitigate the spread of COVID–19. (d) Loan terms (1) Amount Loans guaranteed under this section may not exceed $2,500,000. (2) Disbursement With respect to a loan guaranteed under this section, loan amounts shall be disbursed as follows: (A) Not less than 10 percent, but not more than 20 percent, of such amount shall be disbursed not later than 5 calendar days after such approval. (B) Not later than 14 calendar days after such approval, any remaining amounts shall be disbursed. (3) Guarantee Loans guaranteed under this section shall be 100 percent guaranteed by the Administrator of the Small Business Administration. (4) Interest The Administrator and participating lenders shall not charge interest on any loan guaranteed under this section. (e) Repayment Repayment for loans guaranteed under this section— (1) shall be amortized over a period of time not to exceed 10 years