; (ii) 75 percent, in the case of a loan of more than $125,000 and not more than $500,000; or (iii) 50 percent, in the case of a loan of more than $500,000 and not more than $1,000,000. ; and (B) by redesignating paragraphs (2) and (3) as paragraphs (3) and (4), respectively, and inserting after paragraph (1) the following: (2) Business and industry guaranteed loans to assist rural entities (A) In general The Secretary shall develop an application process that accelerates, to the maximum extent practicable, the processing of applications for business and industry guaranteed loans to assist rural entities, as described under section 310B(a)(2)(A), for loans not exceeding $400,000. (B) Exception The accelerated application process, as provided under subparagraph (A), shall apply to loans not exceeding $600,000 if there is not a significant increased risk of a default on the loan, as determined by the Secretary.