Bill > S1587

This bill, the Small Business Child Care Investment Act, allows nonprofit child care providers to participate in the loan programs of the Small Business Administration (SBA). Specifically, the bill defines a "covered nonprofit child care provider" as an organization that is licensed, tax-exempt, and primarily engaged in providing child care. These providers will be eligible for SBA loan programs, including those where the SBA can make loans, guarantee loans, or allow loan recipients to make loans to small business concerns.