Support for Child Care: Non-Profit Access to Small Business Loans.
This new act allows non-profit child care providers to access loan programs from the Small Business Administration. This means more child care facilities could receive financial support, potentially increasing the availability and quality of care for children from birth to school age.
Key points
Non-profit organizations providing child care services (daycares, preschools) can now apply for small business loans.
Facilities must comply with state licensing and conduct criminal background checks for employees.
The act may help create new child care slots and improve existing services.
Expired
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