; (ii) the interest rate with respect to the loan shall be the interest rate on 30-year Treasury bonds, as of the date on which the loan is made; and (iii) before the end of the term described in clause (i), the eligible entity— (I) shall not be required to make any principal payments with respect to the loan; and (II) shall make interest payments with respect to the loan. (C) Condition of financing for certain eligible entities With respect to a loan or loan guarantee made under this paragraph to an eligible entity described in paragraph (1)(C)(ii), the Bank, as a condition of the financing, shall require the eligible entity to ensure that, for the full term of the loan or loan guarantee made by the Bank, not less than 75 percent of the total dollar value of the loans made by the eligible entity consist of loans made to socially disadvantaged farmers or ranchers. (4) Grant program (A) In general The Bank shall establish a program through which the Bank may make a grant to assist— (i) an entity in becoming an eligible entity; or (ii) an eligible entity with the commencement or expansion of operations of the eligible entity, including with respect to outreach, education, and training activities. (B) Grant amount The amount of a grant made under the program established under subparagraph (A) shall be not more than $3,000,000. (C) First award The first grant made by the Bank under the program established under subparagraph (A) shall be to an entity, not less than 60 percent of the members or stockholders of which are Black farmers or ranchers. (5) Technical assistance The Bank shall establish a program to provide technical assistance to eligible entities, including assistance in obtaining— (A) approval from the National Credit Union Administration Board under section 104 of the Federal Credit Union Act ( 12 U.S.C. 1754 )