This is a message from the California Department of Education (CDE), Early Learning and Care Division (ELCD).
Recently the Administration for Children and Families (ACF) released the following information regarding the Paycheck Protection Program and other financial business supports for small businesses including Family- and Center-based Child Care businesses with fewer than 20 employees.
Apply for a PPP Loan before March 10, 2021!
The Paycheck Protection Program (PPP) at is a forgivable loan program to help very small businesses, such as child care programs, with much needed financial support during these unprecedented times. From February 24 to March 10, 2021, only businesses with fewer than 20 employees can apply for a PPP loan. This exclusive application period allows participating lenders to focus on serving very small businesses, such as Family Child Care (FCC) Educators and Early Care and Education (ECE) Programs.
Learn more about PPP loans by exploring the resources below.
The Biden-Harris Administration statement issued on February 22, 2021, provides details on changes to PPP to increase lending opportunities for small businesses to further promote equitable access to relief. The statement includes information on the exclusive application period for PPP to help very small businesses, such as FCC Educators and ECE Programs. Here’s a link to the statement for more details explaining changes to PPP to Further Promote Equitable Access to Relief: https://www.whitehouse.gov/briefing-room/statements-releases/2021/02/22/fact-sheet-biden-harris-administration-increases-lending-to-small-businesses-in-need-announces-changes-to-ppp-to-further-promote-equitable-access-to-relief/.
For more information about PPP and other financial business supports, please visit the Office of Child Care’s (OCC) web page explaining Early Care and Education Providers taking advantage of the new Small Business Administration Loan and Grant Programs at https://childcareta.acf.hhs.gov/early-care-and-education-providers-taking-advantage-new-small-business-administration-loan-and-grant, which includes the following information:
- Two national webinar videos to help you understand and access PPP—one video for FCC Educators and one video for ECE Programs
- Resource information at https://childcareta.acf.hhs.gov/early-care-and-education-providers-taking-advantage-new-small-business-administration-loan-and-grant has several resources for small businesses to help FCC Educators and ECE Programs learn more about PPP and navigate the challenges created by the pandemic