; (III) businesses primarily engaged in research and development; (IV) manufacturers; (V) businesses primarily owned or controlled by individuals in underserved communities before receiving capital from the applicant; and (VI) rural areas, as that term is defined by the Bureau of the Census. (B) Priority; streamlined process With respect to an application for a license pursuant to this paragraph, the Administrator shall— (i) give priority to an applicant for such a license that is located in an underlicensed State; and (ii) establish a streamlined process for applicants submitting such an application. (C) Timing for issuance of license Notwithstanding paragraph (2), with respect to an application for a license submitted to the Administrator pursuant to this paragraph, the Administrator shall— (i) not later than 60 days after the date on which the application is submitted to the Administrator, process and provide complete feedback with respect to any pre-license application requirements applicable to the applicant; (ii) not restrict the submission of any application materials; and (iii) not later than 90 days after the date on which the application is submitted to the Administrator— (I) approve the application and issue a license for such operation to the applicant, if the requirements for the license are satisfied; or (II) based upon facts in the record— (aa) disapprove the application; and (bb) provide the applicant with— (AA) a clear, written explanation of the reason for the disapproval; and (BB) a chance to remedy any issues with the application and immediately reapply, with technical assistance provided as needed and a new determination made by the Administrator not later than 30 days after the date on which the applicant re-submits the application. (D) Leverage A company licensed pursuant to this paragraph shall— (i) not be eligible to receive leverage in an amount that is more than $25,000,000