; or (II) 4 percent; and (ii) in the case of a guaranteed loan, the current applicable market rate for a loan of comparable maturity; and (B) have a term of such length, not exceeding 35 years, as the borrower may request, if the Secretary determines that the loan is adequately secured. (2) Recurring revenue The Secretary shall consider the recurring revenues of the entity at the time of application in determining an adequate level of credit support. (h) Adequacy of security (1) In general The Secretary shall ensure that the type and amount of, and method of security used to secure, any loan or loan guarantee under this section is commensurate to the risk involved with the loan or loan guarantee, particularly in any case in which the loan or loan guarantee is issued to a financially strong and stable entity, as determined by the Secretary. (2) Determination of amount and method of security In determining the amount of, and method of security used to secure, a loan or loan guarantee under this section, the Secretary shall consider reducing the security in a rural area that does not have broadband service. (i) Payment assistance for certain loan and grant recipients (1) Use of grant funds The Secretary may use the funds appropriated for a grant under this title for the cost (as defined by section 502 of the Congressional Budget Act of 1974) of providing assistance under paragraph (2) of this subsection. (2) Payment assistance When providing a grant under this title, the Secretary, at the sole discretion of the Secretary, may make— (A) a subsidized loan, which shall bear a reduced interest rate at such a rate as the Secretary determines appropriate to meet the objectives of the program; or (B) a payment assistance loan, which shall— (i) require no interest and principal payments while the borrower is— (I) in material compliance with the loan agreement; and (II) meeting the milestones and objectives of the project agreed to under paragraph (3)