Tom Copeland, the nation’s leading expert in the business of family child care, will be hosting a free 1 hour Facebook Live training on Wednesday, May 27th at 5:30 PM PST. He will be discussing financially rebuilding your business after COVID-19, including planning, saving, retirement, government loans, local programs, backup plans, and helping childcare providers.
The SBA announced that it will be accepting applications on Friday, April 3rd, for its Paycheck Protection Program, which provides forgivable small business loans of up to $10 million to cover payroll and certain other expenses, or 2.5 times your total payroll expenses for the loan period. It is important to apply soon, because loans will be awarded on a first-come, first-served basis, until the total loan pool of $350 billion is allocated.
The Small Business Administration (SBA) is accepting applications from small businesses for loans to cover financial losses resulting from the COVID-19 crisis. These loans are available to businesses that have physical locations in eligible states. (California is an eligible state.) Loans for up to $2 million are being approved for small businesses damaged by the coronavirus outbreak. Interest rates on the loans are 3.75% for businesses and 2.75% for non-profits.
With parents and families regularly using technology to research programs for their children, having a stand-out website is necessary to successfully market and grow your child care business. Whether your program is small or large, having a welcoming, informative, and easy-to-navigate website sends the message that your program delivers quality care through a thoughtful curriculum.
Running a child care business is unpredictable. Because the needs of children and families regularly change, sometimes your program might have a mile-long waitlist while other times, you have openings that you struggle to fill. Having open spaces in your program can have a serious effect on finances. But how do you market these openings?
As with any business, a childcare center needs to be shared and promoted to attract customers. If you are a director or owner of your own center, it is important to make sure that parents and families know about your center and what makes it so great! If you are having trouble getting tours or enrollment, check out some of these tips to increase interest in your business!