Small Business Child Care Investment Act

HR 7109, the Small Business Child Care Investment Act, creates new loan access for eligible nonprofit child care centers. It allows these centers - defined as 501(c)(3) organizations providing care for children birth to school age, meeting licensing, background check, and anti-discrimination requirements - to be treated as small businesses for SBA loans. The bill requires loans over $500,000 to include a payment guarantee and mandates that SBA loans be made through banks or financial institutions (not directly by SBA). It also requires the SBA to report annually to Congress on the number and value of these loans.