; 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 approve not more than 8 covered institutions (referred to in this subclause as the experienced lenders ), each of which has 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, to be eligible to make loans under this subclause. (bb) Maximum loan amount Subject to item (dd), an experienced lender may make a loan guaranteed under the program in an amount that is not more than $750,000. (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