On June 4, 2020, three major changes were made to the Paycheck Protection Program (PPP) loan forgiveness program to make it more flexible and less burdensome for borrowers to receive full loan forgiveness. These changes apply to new borrowers and those who already received their loan, and should make it easier for PPP loan recipients to have their loan completely forgiven by the Small Business Association. This added flexibility is particularly helpful for businesses that are still not fully operational.
Child Care Aware® of America (CCAoA) understands that this is an uncertain time for child care providers, as they make difficult decisions about what's best for their business and the families and community they serve. This is also an uncertain time for families as they make decisions about child care. The safety and well-being of staff, family members and children is of utmost importance.