A bill to authorize Small Business Administration disaster assistance to concerns affected by the 1988 drought, and for other purposes.

Directs the Small Business Administration to make disaster loans available to businesses and agricultural concerns located in areas affected by the 1988 drought that the President or the Secretary of Agriculture has declared to be disaster areas. Prescribes special rules to govern the loans, including a provision mandating that the loan's maturity be determined solely by the borrower's ability to repay the loan from earnings.