1. Short title This Act may be cited as the COVID–19 Recovery by Enhancing Loan, Investment, and Education Funds for Small Businesses Act of 2020 or the COVID–19 RELIEF for Small Businesses Act of 2020 . 2. Findings Congress finds that— (1) the 30,700,000 small businesses in the United States employ more than 47 percent of the private workforce; (2) small business supply chain firms account for almost 1,000,000 small businesses and about 10,000,000 jobs, playing a key role in the United States supply chain by providing goods and services to large corporations and Federal, State, and local government agencies; (3) the economic disruptions related to COVID–19 in the United States are unlike any that we have seen in the past couple of decades; (4) as a result of the global pandemic caused by COVID–19, many small businesses in the United States have suffered because— (A) their supply chains have been disrupted; (B) their establishments are experiencing decreased foot traffic and sales; and (C) their employees who have contracted the virus will need paid time off to avoid infecting others; (5) small business owners affected by COVID–19 are finding it difficult or impossible to— (A) make loan payments on existing debts; (B) pay their employees; (C) pay their vendors; (D) purchase materials, supplies, or inventory; (E) pay their rent, mortgage, or other operating expenses; or (F) secure financing for their business; (6) a significant number of small businesses will not qualify for loans under the existing disaster loan program of the Administration; (7) the absence of resources for vulnerable small businesses that cannot access programs of the Administration will undoubtedly leave many of them to fail