; and (B) elects and is selected by the Administration to participate in the pathway-protégé program under subsection (g). (6) Small business concern The term small business concern has the meaning given the term in section 3(a) of the Small Business Act ( 15 U.S.C. 632(a) ). (b) Establishment (1) Facility The Administrator shall establish and carry out a facility to increase resiliency in the manufacturing supply chain of eligible small business concerns by providing financial assistance to participating investment companies that facilitate equity financings to eligible small business concerns in accordance with this section. (2) Administration of facility The facility shall be administered by the Administrator acting through the Associate Administrator described in section 201. (c) Applications (1) In general Any small business investment company may submit to the Administrator an application to participate in the facility. (2) Requirements for application An application to participate in the facility shall include the following: (A) A business plan describing how the applicant intends to make successful equity investments in eligible small business concerns. (B) Information regarding the relevant investment qualifications and backgrounds of the individuals responsible for the management of the applicant. (C) A description of the extent to which the applicant meets the selection criteria under subsection (d)(2). (3) Exceptions to application for new licensees Not later than 90 days after the date of enactment of this section, the Administrator shall reduce requirements for applicants applying to operate as a participating investment company under this section in order to encourage the participation of new small business investment companies in the facility under this section, which may include the requirements established under part 107 of title 13, Code of Federal Regulations, or any successor regulation, relating to— (A) the approval of initial management expenses