1. Short title This Act may be cited as the Too Small to Fail Act . 2. Financial assistance to small businesses and non-profit entities Section 7 of the Small Business Act ( 15 U.S.C. 636 ) is amended by adding at the end the following new subsection: (k) Coronavirus related loans (1) In general The Administration shall waive the credit elsewhere requirement of subsection (a)(1) for loans to small businesses and non-profit entities affected by the coronavirus (COVID-19). Such loans shall be provided by the Administration at no interest rate. (2) Authorization of appropriations For an additional amount for the Disaster Loans Program Account for the cost of direct loans authorized by section 7(b) of the Small Business Act and for subsidizing interest rates, $350,000,000,000, to remain available until expended, except that— (A) not to exceed $225,000,000 may be transferred to and merged with Salaries and Expenses for administrative expenses to carry out the disaster loan program authorized by section 7(b) of the Small Business Act