The "Protecting Access to Credit for Small Businesses Act" aims to significantly change the Small Business Administration's involvement in its 7(a) loan program. Its central provision prohibits the Administrator from directly making loans under this program, thereby limiting the SBA's role to primarily guaranteeing loans originated by private financial institutions. However, the bill includes a crucial clause to manage existing financial obligations. It mandates that the Administrator shall continue to service any direct loans that were made under the 7(a) program before the date of this Act's enactment, ensuring ongoing support for previously approved direct borrowers.