A bill to extend the period for SBA disaster low interest loans from October 1, 1978 to October 1, 1979.

Amends the Small Business Act to extend the date for making the following low interest disaster loans from October 1, 1978, to October 1, 1979: (1) loans for major disasters declared by the President or for natural disasters determined by the Secretary of Agriculture pursuant to the Consolidated Farm and Rural Development Act; and (2) loans for the repair or replacement of primary residences and personal property.