Small Business Child Care Investment Act

Summary

The legislation amends the Small Business Act to define a “covered nonprofit child care provider” and treats such providers as small businesses for SBA 7(a) and 504 loan programs. It requires any loan to be made through banks or other lenders, not directly by the SBA, and forces providers seeking loans over $500,000 to obtain a repayment guarantee. The goal is to expand financing options for nonprofit child‑care centers that meet licensing, tax‑exempt, and non‑discrimination standards.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share