While I applaud the intent, I question the execution
The loans are actually administered and become the liability of a bank.
How will banks be prevented from lending to PP or a surrogate?
But I see your point: some banks/lenders may try to go around any rules and try to get some money to PP. But then, aren't they 501c3? Shouldn't they be getting funds from donations? Is there an SBA rule on 501c3's?
It probably won’t stand up in court altogether. Equal protection and all that. But the thought is a good thought.