1. Subsidy for certain loan payments (a) Definitions In this section— (1) the terms Administration and Administrator mean the Small Business Administration and the Administrator thereof; and (2) the term covered loan means a loan that is— (A) guaranteed by the Administration under— (i) section 7(a) of the Small Business Act ( 15 U.S.C. 636(a) ), including a loan made under the Community Advantage Pilot Program of the Administration; or (ii) title V of the Small Business Investment Act of 1958 ( 15 U.S.C. 695 et seq.); or (B) made by an intermediary to a small business concern (as defined in section 3 of the Small Business Act ( 15 U.S.C. 632 )) using loans or grants received under section 7(m) of the Small Business Act ( 15 U.S.C. 636(m) ). (b) Sense of Congress It is the sense of Congress that— (1) all borrowers are adversely affected by COVID–19; (2) relief payments by the Administration are appropriate for all borrowers; and (3) in addition to the relief provided under this Act, the Administration should encourage lenders to provide payment deferments, when appropriate, and to extend the maturity of covered loans, so as to avoid balloon payments or any requirement for increases in debt payments resulting from deferments provided by lenders during the period of the national emergency declared by the President under the National Emergencies Act ( 50 U.S.C. 1601 et seq.) with respect to the Coronavirus Disease 2019 (COVID–19). (c) Principal and interest payments (1) In general The Administrator shall pay the principal, interest, and any associated fees that are owed on a covered loan in a regular servicing status— (A) with respect to a covered loan made before the date of enactment of this Act and not on deferment, for the 6-month period beginning with the next payment due on the covered loan; (B) with respect to a covered loan made before the date of enactment of this Act and on deferment, for the 6-month period beginning with the next payment due on the covered loan after the deferment period