• NICCA

Business Supports for Child Care Professionals

The Federal government has issued a number of supports for small businesses, which include child care and child care professionals. Please read below to explore some of the options available.


Small Business Administration has provided numerous financial supports for businesses to meet financial obligations and operating expenses during this time.


  • The Economic Injury Disaster Advance Loan is a direct response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000. This advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available within three days of a successful application. This loan advance will not have to be repaid. Apply for the Loan Advance here.

  • The Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities. You can apply through any existing SBA 7(a) lender or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program. You should consult with your local lender as to whether it is participating in the program. Starting April 3, 2020, small businesses and sole proprietorships can apply for and receive loans to cover their payroll and other certain expenses through existing SBA lenders. Starting April 10, 2020, independent contractors and self-employed individuals can apply for and receive loans to cover their payroll and other certain expenses through existing SBA lenders. The Paycheck Protection Program will be available through June 30, 2020. The U.S. Treasury posted this Paycheck Protection Act fact sheet and their website will continue to post new guidance as the agency develops it. 

  • The Disaster Loan Assistance Program is providing up to $2 million to support small businesses and most nonprofits facing economic injury that it wouldn't have faced had this pandemic not occurred. Learn more about the program in this explainer from the Bipartisan Policy Institute.


The Administration for Children and Families recently released guidance on Temporarily Repurposing Head Start and Early Head Start Centers- Partnering to Support Emergency Child Care During the COVID-19 Crisis.


The U.S. Chamber of Commerce has a guide dedicated to Coronavirus Emergency Loans Guide and Checklist for Small Businesses and Nonprofits which addresses common questions such as how much you can borrow, what lenders are looking for and eligibility.


Please reach out to us if you have any additional questions.





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