The Small Business Child Care Investment Act allows nonprofit child care providers to access Small Business Administration (SBA) loan programs previously available only to traditional businesses. Nonprofit child care organizations that are state-licensed, tax-exempt under federal law, employ staff with background checks, and comply with non-discrimination requirements can now be treated as small businesses eligible for SBA loans. These loans must be made through banks and other financial institutions rather than directly by the SBA, and providers seeking loans over $500,000 must secure a guarantee from another entity. The bill requires the SBA to report annually to Congress on how many loans and how much funding has been provided to nonprofit child care providers under both the standard SBA loan program and a related real estate financing program, starting within one year of the law's enactment.
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