This Act may be cited as the Protecting Access to Credit for Small Businesses Act.

(a) In general Notwithstanding any provision of subsection (a) of section 7 of the Small Business Act (15 U.S.C. 636(a)U.S. Code — Title 15, Section 636(a)View official source on GovInfo), the Administrator of the Small Business Administration may not directly make a loan pursuant to such subsection. (b) Existing loans The Administrator of the Small Business Administration shall service a direct loan made under section 7(a) of the Small Business Act (15 U.S.C. 636(a)U.S. Code — Title 15, Section 636(a)View official source on GovInfo) if such loan was made before the date of enactment of this Act.