; collateral (i) Maximum loan amount (I) In general Except as provided in subclause (II), the maximum loan amount for a loan guaranteed under the program is $350,000. (II) Experienced lenders (aa) In general The Administrator may select not more than 8 covered institutions to be designated as experienced lenders to be eligible to make loans under this paragraph. An experienced lender shall have not less than 5 years of experience making loans under the Community Advantage Pilot Program of the Administration or the program established under this paragraph. (bb) Maximum loan amount An experienced lender may make a loan guaranteed under the program in an amount that is not more than $750,000, but not less than 60 percent of the total number of such loans made by an experienced lender shall be in an amount that is less than or equal to $350,000. (cc) Participation by the administration With respect to an agreement to participate in a loan made under this subclause on a deferred basis, the participation by the Administration shall be— (AA) 75 percent of the balance of the financing outstanding at the time of the disbursement of the loan, if that balance is more than $350,000; (BB) as described in clause (i) of paragraph (2)(G), if the balance of the financing outstanding at the time of the disbursement of the loan is as described in that clause