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.
Thursday, April 9 from 4:30 – 5:30 pm ET
Friday, April 10 from 4:30 – 5:30 pm ET
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.
We will be sharing written resources later this week as well, and (with the caveat that new guidance is being issued practically every day, so some things may have changed or may yet change), we encourage you to access resources from our partners, including:
- SBA loans immediately available to child care providers (First Five Years Fund)
- Emergency loans small business guide and checklist in English and in Spanish (Chamber of Commerce)
- The small business owner’s guide to the CARES Act (U.S. Senate Committee on Small Business and Entrepreneurship)
- SBA explainer and Unemployment compensation explainer (Bipartisan Policy Center and Committee for Economic Development)
- Small business & COVID-19 resources (Main Street Alliance)