H. R. 9610 proposes changes to the Small Business Act to assist businesses dealing with disasters. Specifically, it mandates that for certain disaster loans made after this legislation is enacted, the loans will have an interest rate of zero percent for one year, and payments...
Simple Explanation
Imagine someone has a small shop and a big storm comes and makes a mess; this bill is like a magic helper that lets them borrow money without paying extra fees for a year, so they can fix things up without worrying too much about extra costs right away.