Establishes a state disaster emergency grant and loan program

This bill creates a state program providing grants and loans to small businesses affected by declared emergencies. Small businesses (defined as having 50 or fewer employees) located in the agency's jurisdiction can receive up to $25,000 per business to cover specific losses like damaged property, spoiled inventory, or lost revenue caused by a governor-declared state or local emergency. Applications must be submitted within 30 days after the emergency ends, and businesses cannot receive loans from multiple agencies for the same emergency. The program is administered by local agencies using standardized selection criteria to evaluate eligibility.