; and (BB) be designated as a lender under the Community Advantage Loan Program established under paragraph (38). (III) Transfer or sale The Administrator shall have the discretion to authorize the transfer or sale of a license of a small business lending company to make loans under this subsection to another small business lending company. (IV) Limitation of delegated authority (aa) In general Notwithstanding paragraph (31), any small business lending company that the Administration authorizes after June 1, 2023 to make loans under this subsection shall be ineligible for delegated authority from the Administration to process, close, service, and liquidate certain loans made under this subsection for the 5-year period beginning on the date on which the Administration authorizes the small business lending company to make loans under this subsection. (bb) Existing SBLCs Item (aa) shall not apply with respect to each of the 14 small business lending companies authorized to make loans under this subsection as of June 1, 2023. (ii) Minimum capital requirements (I) In general Except as provided in subclauses (II) and (III), to be authorized to make loans under this subsection, a small business lending company shall comply with the minimum capital requirements in effect on January 3, 2021. (II) Approved on or after January 4, 2021 Any small business lending company authorized by the Administration to make loans under this subsection on or after January 4, 2021, including in the event of a change of ownership or control, shall maintain, at a minimum, the greater of— (aa) unencumbered paid-in capital and paid-in surplus of not less than $5,000,000