To amend the Small Business Act to waive the accrual of interest and payments for certain disaster loans for a year, and for other purposes.

This bill pauses interest charges and payment requirements for one year on Small Business Administration (SBA) disaster loans issued for disasters declared after the law passes. It directly helps small businesses affected by federally declared disasters by easing their immediate financial burden. The SBA must set interest at zero percent and suspend principal payments for 12 months starting from when the loan is disbursed. This applies only to new loans made under the specified disaster declaration criteria.