; and (2) $110,000,000 in direct loans, as provided in section 7(m). . (e) Authorization of appropriations In addition to amounts provided under the Consolidated Appropriations Act, 2020 ( Public Law 116–93 ) for the program established under section 7(m) of the Small Business Act ( 15 U.S.C. 636(m) ), there is authorized to be appropriated for fiscal year 2020, to remain available until expended— (1) $50,000,000 to provide technical assistance grants under such section 7(m); and (2) $7,000,000 to provide direct loans under such section 7(m). 606. Maximum loan amount for 504 loans (a) Permanent increase for small manufacturers 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 $6,500,000 . (b) Low-interest refinancing under the local development business loan program (1) Repeal Section 521(a) of title V of division E of the Consolidated Appropriations Act, 2016 ( Public Law 114–113 ; 129 Stat. 2463; 15 U.S.C. 696 note) is repealed. (2) Refinancing 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 new subparagraph: (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 under this subparagraph; (II) the term eligible fixed asset means tangible property relating to which the Administrator may provide financing under this section; and (III) the term qualified debt means indebtedness that— (aa) was incurred not less than 6 months before the date of the application for assistance under this subparagraph; (bb) is a commercial loan; (cc) the proceeds of which were used to acquire an eligible fixed asset; (dd) was incurred for the benefit of the small business concern; and (ee) is collateralized by eligible fixed assets