To amend the Small Business Act to provide disaster loan eligibility to small business concerns located in States in which one-third or more of the depository institutions have been simultaneously closed for a period of at least 5 days.

Amends the Small Business Act to empower the Small Business Administration to make disaster loans to small business concerns in a State in which one-third or more of the depository institutions have been closed simultaneously for a five-day period and, consequently, depositors cannot access their funds.

Limits eligibility to situations where: (1) a substantial percentage of the applicant's funds are held in a closed depository institution; and (2) the applicant's need for credit is a direct result of the closing of such institution.