; (II) has approved and disbursed 10 similarly sized loans during the 24-month period preceding the date on which such entity submits an application to participate in the program; and (III) is servicing, as of the date on which such entity begins participation in the program, not less than 10 similarly sized loans (other than a loan described in subclause (II)) to small business concerns in the portfolio of the entity. (iii) Existing business The term existing business means a small business concern that has been in existence for not less than 2 years on the date on which a loan is made to such small business concern under the program. (iv) Low- or moderate-income community The term low- or moderate-income community means a census tract designated as low-income or moderate-income by the Financial Institutions Examination Council on a public website of the Council. (v) New business The term new business means a small business concern that has been in existence for not more than 2 years on the date on which a loan is made to such small business concern under the program. (vi) Program The term program means the Community Advantage Loan Program established under subparagraph (C). (vii) Referral agent The term Referral Agent has the meaning given the term in section 103.1(f) of title 13, Code of Federal Regulations, or any successor regulation. (viii) Rural area The term rural area means any county that the Bureau of the Census has defined as mostly rural or completely rural in the most recent decennial census. (ix) State The term State means each of the several States, the District of Columbia, and each territory of the United States. (x) Small business concern in underserved markets The term small business concern in underserved markets means a small business concern— (I) that is located in— (aa) a low- or moderate-income community; (bb) a HUBZone, as that term is defined in section 31(b); (cc) a rural area