The Keep Main Street Open Act directs the Small Business Administration to provide emergency loans to eligible small businesses during government shutdowns. Under this program, businesses can borrow up to the amount of losses they estimate from the shutdown at a maximum interest rate of just one percent, with repayment due within one year after the shutdown ends. The bill defines a shutdown as starting when federal funding lapses and ending 30 days after Congress passes a new appropriations bill. The legislation targets small business owners who would otherwise struggle financially when government services are disrupted, using the SBA's existing loan program framework to deliver quick relief without requiring a separate funding authorization in the bill itself.
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