Availability of Paycheck Protection Program
Email guidance with information about the availability of the Payment Protection Program (PPP).Recently the Administration for Children and Families (ACF) released the following information regarding the Paycheck Protection Program (PPP) and other financial business supports for small businesses including Family- and Center-based Child Care businesses with fewer than 20 employees.
Apply for PPP Before March 10, 2021: Help for Family- and Center-Based Child Care Businesses with Fewer Than 20 Employees
The PPP at the U.S. Small Business Administration's Paycheck Protection Program
web page 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 at the U.S. Small Business Administration's Paycheck Protection Program
web page 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. A link to the statement for more details explaining changes to PPP to Further Promote Equitable Access to Relief is available at this White House Fact Sheet
.
Applications for the PPP are due no later than March 31, 2021, for all businesses, but program funding may run out before then.