Join ECEA and Cherry Creek Insurance Group Wednesday, April 8, 2020 at 11:30 for a Question and Answer Open forum to address all questions and concerns regarding Insurance during this COVID 19 pandemic. GoToMeeting information below:
COVID-19 Insurance Inquiry
Wed, Apr 8, 2020 11:30 AM – 12:15 PM (MDT)
Please join my meeting from your computer, tablet or smartphone.
Access Code: 878-409-765
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Upcoming Webinar & Information from NAEYC on Funding for Providers
Paying Yourself, Your Staff, and Your Bills: Helping Child Care Programs Understand and Navigate SBA Loan Options
In addition to the $3.5 billion for CCDBG provided by Congress in the recent CARES Act, there are multiple options for child care programs across states and settings to get financial support to survive this crisis. This webinar from NAEYC will bring together expertise from the banking, business, and child care industries with lessons from the first few days following the opening of the Paycheck Protection Program, in order to help you learn about how the different options work, which might be best for you, and what precise steps you have to take to apply for them.
· Register here for the webinar in English: Thursday, April 9 from 4:30 – 5:30 pm ET
o Link for English webinar: https://attendee.gotowebinar.com/register/4128079429066587916
· Register here for the webinar in Spanish: Friday, April 10 from 4:30 – 5:30 pm ET
o Link for Spanish webinar: https://attendee.gotowebinar.com/register/8124410570873550094
While the bulk of the webinar will focus on helping participants understand and navigate through the SBA loan options, we will also talk about how these options intersect with unemployment insurance, as we know many folks have questions about this.
We will be sharing written resources later this week as well, and (with the caveat that new guidance is being issued practically every day, so some things may have changed or may yet change), we encourage you to access resources from our partners, including:
· SBA loans immediately available to child care providers (First Five Years Fund)
· Emergency loans small business guide and checklist in English and in Spanish (Chamber of Commerce)
· The small business owner’s guide to the CARES Act (U.S. Senate Committee on Small Business and Entrepreneurship)
· Small business & COVID-19 resources (Main Street Alliance)
Please also continue to share data or stories you’re hearing this week, particularly those on closures, emergency care needs, and SBA loan application experiences, as they help us refine and improve our resources and the information we share with Congress.
Small Business Administration Brief
This SBA brief is hot off the presses for us: https://www.clasp.org/publications/fact-sheet/forgivable-loans-child-care-providers-through-cares-act
It walks through what is available for folks and what some of the considerations are, as well as helps to lay the groundwork for additional investments going forward in upcoming legislation. It also links to some more step-by-step resources for partners.
Starting today child care small businesses can begin applying for COVID-19 related Paycheck Protection Program (PPP) loans through the Small Business Administration. The First Five Years Fund (FFYF) and the U.S. Chamber of Commerce Foundation’s (USCCF) Center for Education & Workforce have just released a new resource dedicated to frequently asked questions and how to apply.
The information in this resource is an informed collaboration between FFYF and USCCF about loans through the PPP. For the most up to date information specific to you and your business, please make sure to contact your bank or financial lender.
Just a heads up on the SBA loans–it sounds like only small businesses and sole proprietorships can apply for loans starting today (and only existing SBA lenders are set up to do so). Self-employed individuals and independent contractors can start applying on April 10. It may take a few days for some local banks/credit unions to get up and running to accept applications.
This fact sheet from Treasury has some helpful details (it’s also linked in our fact sheet): https://home.treasury.gov/system/files/136/PPP–Fact-Sheet.pdf.
|PAYCHECK PROTECTION PROGRAM (PPP) INFORMATION SHEET: BORROWERSPAYCHECK PROTECTION PROGRAM (PPP) INFORMATION SHEET: BORROWERS The Paycheck Protection Program (“PPP”) authorizes up to $349 billion in forgivable loans tohome.treasury.gov|
Family Child Care & Small Business Child Care Webinar from ELV and Small Business Majority
Notes from Early Learning Ventures after their webinar:
Thank you again for attending our webinar – COVID-19: Federal Support for Child Care Providers. During this time, Early Learning Ventures wants to provide the tools and support necessary for child care providers to weather the storm.
We want to thank Hunter Railey for donating his time and expertise to speak with us today. In the following section, you will find several links to Small Business Majority’s resources. We would also like to thank our community partners, the Colorado Association for Family Child Care and the David and Laura Merage Foundation, for helping make this event happen.
Below, please find links to the slides and frequently asked questions from today’s webinar.
If you would like to listen to Hunter’s presentation again, or if you would like to share it with anyone in your community, please do so by accessing the link below.
Finally, here is the form required to apply for the Paycheck Protection Program (PPP).
Resources from NAEYC & FFYF & Child Care Aware of America
Please share this NEW survey with educators and programs throughout your communities and states. The more responses we get, the more detailed information we can share with Congress, the media, and your states about what challenges programs are facing; how state and federal solutions are (or aren’t) helping; and what else is needed to ensure programs are able to survive.
As you know, your voices have already been powerful: from March 12-25, 11,500 educators from across the country helped shape federal and state responses for child care by completing NAEYC’s initial brief survey to share the challenges they were expecting to face. As a reminder, you can find the national results from that survey here and state-by-state date here (and in the attached PDF).
Webinars & Resources: Paying Your Staff and Your Bills: Helping Child Care Programs Understand and Navigate the Options
Please save the date – on Thursday, April 9 at 4:30 pm ET, NAEYC will be hosting a webinar to help child care programs across states and settings understand and navigate through the SBA loan processes, and some of the ways they intersect with things like unemployment insurance and paid leave. We will be hosting the same webinar in Spanish on Friday, April 10 at 4:30 pm ET. Resources will accompany these webinars, and we look forward to sharing them out as soon as we can!
FFYF Guidance for Child Care Providers on Small Business Loans