Small Business Child Care Investment Act

The Small Business Child Care Investment Act (S. 1587) would allow non-profit child care providers to access the same federal loan programs currently available to for-profit small businesses. Specifically, it enables these non-profits to apply for Small Business Administration (SBA) 7(a) loans, 504 loans, and microloans to help cover costs like payroll, rent, and facility improvements. For families, this bill aims to increase the availability of affordable child care by providing non-profit centers with the financial resources needed to expand their operations and maintain their staff.