This bill amends the Small Business Act to provide relief to small business owners who receive disaster loans from the federal government. For loans issued after the bill's enactment, borrowers would pay zero interest and have their principal payments deferred for the first 12 months after receiving the loan. The bill applies specifically to Small Business Administration disaster loans made following federally declared disasters. The legislation does not specify new funding amounts but reduces the financial burden on disaster-affected small businesses during their initial recovery period by eliminating interest accrual and requiring no monthly payments for one year.