; and (2) establish clear and easy to understand underwriting standards for such loans. (c) Zero-Interest loans Loans made by or guaranteed by the Secretary under this section shall be zero-interest loans, if the small business receiving such loan does not involuntarily terminate any employee of the small business during the COVID–19 emergency. (d) Advance (1) In general Upon request from an applicant for a loan under this section, the Secretary may provide to such applicant an advance, in cash, to such applicant. (2) Amount An advance provided under paragraph (1) shall be in an amount equal to the revenue of the applicant for the period beginning January 1, 2020, and ending January 31, 2020. (3) Procedures (A) Review The Secretary shall have 1 week from the receipt of a request for an advance under paragraph (1) to conduct a risk assessment of the applicant to determine whether to approve or deny such request. (B) Approval If the Secretary does not deny a request under subparagraph (A), the advance shall be directly deposited into the account identified by the applicant. (C) Remaining funds Not later than 4 weeks after approving a request of an applicant under subparagraph (A), the Secretary shall disburse the remaining funds to such applicant. (e) Forgiveness If a small business that receives a loan or loan guarantee under this section demonstrates to the Secretary that the number of full-time employees of such small business on the date such small business submitted an application under this section is greater than or equal to the number of full-time employees of such small business on the date that is 1 year after the date of such submission, the Secretary shall forgive the remaining outstanding principal and interest on such loan or loan guarantee. (f) Funding The Secretary shall use $50,000,000,000 from the Exchange Stabilization Fund, without further appropriation, to carry out this section. (g) Definitions In this section: (1) COVID–19 emergency The term COVID–19 emergency means the period that— (A)