1. Short title This Act may be cited as the SBA Business Stabilization Direct Loan Program Act of 2020 . 2. Business stabilization direct loan program (a) In general The Administrator of the Small Business Administration shall carry out a program to make loans directly to eligible borrowers. (b) Eligible borrower defined In this section, the term eligible borrower means a person who— (1) is a small business concern as defined under section 3 of the Small Business Act ( 15 U.S.C. 632 )