1. Short title This Act may be cited as the Providing Resources for Emergency Preparedness And Resilient Enterprises Act or the PREPARE Act . 2. Pre-disaster mitigation program (a) In general Section 7(b) of the Small Business Act ( 15 U.S.C. 636(b) ) is amended— (1) in paragraph (1)(C)— (A) by striking during fiscal years 2000 through 2004, to establish a predisaster mitigation program and inserting to establish a pre-disaster mitigation program ; (B) by inserting in accordance with paragraph (16) and before as the Administrator may ; (C) by striking to enable small businesses and inserting to small business concerns to enable those concerns ; and (D) by striking in support of a formal and all that follows through the semicolon at the end and inserting to protect the commercial real estate, equipment, inventory, supplies, and materials of those concerns from damages related to disasters; ; and (2) by redesignating the second paragraph (16) (relating to Statute of limitations ) as paragraph (17); (3) by inserting after paragraph (17), as so redesignated, the following: (18) Pre-disaster mitigation program loans (A) Loan cap The aggregate amount of loans made under the pre-disaster mitigation program under paragraph (1)(C) to a borrower may not exceed $500,000. (B) Outreach In carrying out the pre-disaster mitigation program under paragraph (1)(C), the Administrator shall— (i) establish an advertising and outreach program to help small business concerns understand the value of mitigation and that the pre-disaster mitigation program is available for that purpose; (ii) conduct outreach campaigns to small business concerns regarding the pre-disaster mitigation program, including— (I) advertising to educate those concerns on the importance of disaster mitigation; and (II) campaigns to promote participation in the program by small business concerns located in economically depressed areas