Small Business Child Care Investment Act

Sponsor: Jacky Rosen (Democratic-NV)January 28, 2025

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Introduced

In Committee

Passed One Chamber

Passed Both Chambers

Signed into Law

Placed on Senate Legislative Calendar under General Orders. Calendar No. 9.

Nonprofit child care centers would get new access to small business loans

Nonprofit child care providers would gain access to Small Business Administration (SBA) loan programs, which they currently cannot use. This would help them get financing for their operations. To qualify, these providers would need to meet specific requirements, including state licensing and background checks for staff.

What Would Change

Today, nonprofit child care providers generally cannot access certain Small Business Administration (SBA) loan programs because they are not considered 'small businesses' under current rules. If this bill becomes law, qualifying nonprofit child care providers would be able to apply for SBA Section 7(a) and Title V loans. For loans over $500,000, they would need an additional guarantee, but not for loans of $500,000 or less.

Key Provisions

Lets qualifying nonprofit child care providers apply for certain Small Business Administration (SBA) loans.
Defines specific requirements for nonprofit child care providers to qualify, including state licensing and staff background checks.
Requires loans to be made through banks or other financial institutions, with the SBA guaranteeing them, rather than direct SBA lending.
Requires a guarantee from another person or group for loans over $500,000, but not for loans of $500,000 or less.
Blocks the SBA from denying loans based on a provider's association with First Amendment-protected activities, but prohibits using loan money for religious activities.

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S 273 · 119th Congress · January 28, 2025 · AI Summary by gemini-2.5-flash · 8/10

Small Business Child Care Investment Act

What Would Change

Key Provisions

Unrelated Provisions

Lobbying Activity