Referred to the House Committee on Small Business.
Commerce
Why This Matters
The Small Business Child Care Investment Act helps nonprofit child care centers get loans to improve their services. This support is important for ensuring quality child care is available for families.
If you work at a nonprofit child care center, you could gain access to important funding to improve your programs.
Who this affects
Nonprofit child care providers · Families relying on services
What changes is this bill making?
1This bill allows nonprofit child care providers to access certain loan programs.
2These providers must meet state licensing requirements and be tax-exempt organizations.
3Loans will be made through banks or financial institutions, not directly from the government.
4Providers can receive loans over $500,000 if they have a payment guarantee from another entity.
5The bill ensures that these providers cannot be denied loans based on their affiliations.
