‘‘(3) USE OF LOANS.—A loan guaranteed by 
the Administrator under this subsection may be used 
for any purpose authorized under subsection (a) or 
(b). 
‘‘(4) ONLINE APPLICATIONS.— 
‘‘(A) 
ESTABLISHMENT.—The 
Adminis-
trator may establish, directly or through an 
agreement with another entity, an online appli-
cation process for loans guaranteed under this 
subsection. 
‘‘(B) OTHER FEDERAL ASSISTANCE.—The 
Administrator may coordinate with the head of 
any other appropriate Federal agency so that 
any application submitted through an online ap-
plication process established under this para-
graph may be considered for any other Federal 
assistance program for disaster relief. 
‘‘(C) CONSULTATION.—In establishing an 
online application process under this paragraph, 
the Administrator shall consult with appro-
priate persons from the public and private sec-
tors, including private lenders. 
‘‘(5) MAXIMUM AMOUNTS.— 
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‘‘(A) GUARANTEE PERCENTAGE.—The Ad-
ministrator may guarantee not more than 85 
percent of a loan under this subsection. 
‘‘(B) LOAN
AMOUNTS.—The maximum 
amount of a loan guaranteed under this sub-
section shall be $2,000,000. 
‘‘(6) LOAN TERM.—The longest term of a loan 
for a loan guaranteed under this subsection shall 
be— 
‘‘(A) 15 years for any loan that is issued 
without collateral; and 
‘‘(B) 25 years for any loan that is issued 
with collateral. 
‘‘(7) FEES.— 
‘‘(A) IN
GENERAL.—The Administrator 
may not collect a guarantee fee under this sub-
section. 
‘‘(B) ORIGINATION
FEE.—The Adminis-
trator may pay a qualified private lender an 
origination fee for a loan guaranteed under this 
subsection in an amount agreed upon in ad-
vance between the qualified private lender and 
the Administrator. 
‘‘(8) DOCUMENTATION.—A qualified private 
lender may use its own loan documentation for a 
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loan guaranteed by the Administrator, to the extent 
authorized by the Administrator. The ability of a 
lender to use its own loan documentation for a loan 
offered under this subsection shall not be considered 
part of the criteria for becoming a qualified private 
lender under the regulations promulgated under 
paragraph (9). 
‘‘(9) IMPLEMENTATION REGULATIONS.— 
‘‘(A) IN GENERAL.—Not later than 1 year 
after the date of enactment of the Small Busi-
ness Disaster Response and Loan Improve-
ments Act of 2007, the Administrator shall 
issue final regulations establishing permanent 
criteria for qualified private lenders. 
‘‘(B) REPORT
TO
CONGRESS.—Not later 
than 6 months after the date of enactment of 
the Small Business Disaster Response and 
Loan Improvements Act of 2007, the Adminis-
trator shall submit a report on the progress of 
the regulations required by subparagraph (A) to 
the Committee on Small Business and Entre-
preneurship of the Senate and the Committee 
on Small Business of the House of Representa-
tives. 
‘‘(10) AUTHORIZATION OF APPROPRIATIONS.— 
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