Helping Child Care Programs Understand and Navigate SBA Loan Options

In addition to the $3.5 billion for CCDBG provided by Congress in the recent CARES Act, there are multiple options for child care programs across states and settings to get financial support to survive this crisis. Since these processes may be complex, this webinar from NAEYC is bringing together expertise from the banking, business, and child care industries with lessons from the first few days following the opening of the Paycheck Protection Program, in order to help you learn about how the different options work, which might be best for you, and what precise steps you have to take to apply for them.

The bulk of the webinar will focus on helping you understand and navigate through the SBA loan options, which we will do by having you hear from a banker; an expert who has worked at the SBA; and a child care provider who has been through the process already. In addition, we will also touch upon how these options intersect with unemployment insurance, as we know many of you have questions about this in particular.