Allows nonprofit child care providers that meet listed licensing, tax-exempt, and background-check standards to qualify as small businesses for Small Business Administration loan and financing programs.

• Treats qualifying nonprofit child care providers as small businesses for SBA 7(a) loans and Title V 504 loans.
• Requires these loans to be made through banks, certified development companies, or other financial institutions, not directly by the SBA.
• Requires a third-party guarantee for loans above $500,000, while smaller loans need no guarantee.
• Bars the SBA from denying eligibility based on a provider's association with First Amendment-protected activity, and bars loan proceeds from funding religious activity.
• Requires the SBA to report annually to Congress on the number and amount of loans made to these providers.

• Small Business and Entrepreneurship Committee (Senate)

Commerce