; (iii) that the eligible recipient does not have an application pending for a loan under this subsection for the same purpose and duplicative of amounts applied for or received under a covered loan; and (iv) during the covered period, that the eligible recipient has not received amounts under this subsection for the same purpose and duplicative of amounts applied for or received under a covered loan. (H) Fee waiver With respect to a covered loan— (i) in lieu of the fee otherwise applicable under paragraph (23)(A), the Administrator shall collect no fee; and (ii) in lieu of the fee otherwise applicable under paragraph (18)(A), the Administrator shall collect no fee. (I) Credit elsewhere During the covered period, the requirement that a small business concern is unable to obtain credit elsewhere, as defined in section 3(h), shall not apply to a covered loan. (J) Waiver of personal guarantee requirement With respect to a covered loan— (i) no personal guarantee shall be required for the covered loan; and (ii) no collateral shall be required for the covered loan. (K) Maturity for loans with remaining balance after application of forgiveness With respect to a covered loan that has a remaining balance after reduction based on the loan forgiveness amount under section 4 of the Healing and Economic Advancement for Local businesses in Maui Act— (i) the remaining balance shall continue to be guaranteed by the Administration under this subsection; and (ii) the covered loan shall have a maximum maturity of 10 years from the date on which the borrower applies for loan forgiveness under that section. (L) Interest rate requirements A covered loan shall bear an interest rate not to exceed 4 percent, calculated on a non-compounding, non-adjustable basis. (M) Loan deferment (i) Definition of impacted borrower (I) In general In this subparagraph, the term impacted borrower means an eligible recipient that— (aa) was in operation on August 8, 2023