; or (bb) an amount equal to 10 percent of the aggregate of its share of all outstanding loans. (III) Requirements on and after January 4, 2024 On and after January 4, 2024, each small business lending company that makes or acquires a loan under this subsection shall maintain, at a minimum, the greater of— (aa) unencumbered paid-in capital and paid-in surplus of not less than $5,000,000; or (bb) an amount equal to 10 percent of the aggregate of its share of all outstanding loans. (iii) Criteria for licensing small business lending companies The Administrator shall use uniform terms for the licensing of business concerns as small business lending companies and the participation of those companies in the programs under this subsection. . (c) Annual stress testing and reviews Section 23(d) of the Small Business Act ( 15 U.S.C. 650(d) ) is amended— (1) in paragraph (1), by inserting In general .— after (1) ; (2) in paragraph (2), by inserting Hearing .— after (2) ; (3) by redesignating paragraphs (3) and (4) as paragraphs (4) and (5), respectively; (4) by inserting after paragraph (2) the following: (3) Special supervisory authorities related to small business lending companies (A) Review and revocation of authority (i) In general The Director of the Office of Credit Risk Management (in this paragraph referred to as the Director )— (I) may review and revoke the authority of a small business lending company to make, service, or liquidate business loans under section 7(a) for performance, excessive losses, or predatory lending; (II) shall review and may revoke the authority of a small business lending company to make, service, or liquidate business loans under section 7(a) if— (aa) the early default rate for the small business lending company exceeds the average default rate for all small business lending companies participating in the loan program under section 7(a); (bb) the small business lending company fails to comply with the requirements under subparagraph (B)