A few facts to keep in mind


How can the grant money be used?

Recordkeeping and Taxes

As the Child Care Stabilization grants start opening up and distribute funds to providers. It is essential to understand how the fund can be utilized. The federal guidance gives broad categories for allowed expense, including 

Remember, this is a grant, not a loan; you do not need to repay it. Understanding ways to use  the funds and “pay yourself” will allow you to use the grant for a retirement plan, an emergency fund, additional staff, increase wages, insurance and so much more.

To learn more on how to Pay Yourself, please read Tom Copelands Article.

What Does it Mean to “Pay Yourself” with a Stabilization Grant?


Register for the “Build, Learn, Grow Scholarship Fund Information Session,” available now on Indiana Learning Paths!


What is the Build, Learn, Grow Scholarship? For families with qualifying incomes (128%- 250% of the federal poverty level), classified as essential workers, the state of Indiana can cover 80% of tuition fees for kids up to age 12, including early learning, before-school, after-school, and summer learning programs. As an example, a family of four earning $66,000 per year will qualify for a Build, Learn, Grow scholarship. 


Remember that early childhood education and care and out-of-school-time workers are essential, so those with qualifying incomes can also apply to receive this scholarship for their children!


During this 30-minute session, you will learn about the scholarship process, how to determine family eligibility, and the process for submitting a claim for reimbursement to support the children of essential workers in your program.   


This session is required for programs that wish to accept scholarship funds and is available 24-7, so you can complete it when it is convenient for you.


To Register:

  1. Login or create a free account at ilead.in.gov
  2. Click the green “Start Your Indiana Learning Path” button
  3. Choose “Courses” from the menu on the left-hand side
  4. Search “Build, Learn, Grow Scholarship Fund Information Session” to register and start the course


 Get started now at ilead.in.gov


To stay up-to-date as additional program initiatives roll out, sign up for text alerts by texting the word UPDATES to 465437.


Resource list of the financial help available to small business owners created by the Illinois Governor’s Office of Early Childhood Development


To help in understanding the SBA loans, state loans, and the application process, NAEYC hosted a webinar with experts from the banking, business, and child care fields, the webinar is available in both English and Spanish.

 Paying Yourself, Your Staff, and Your Bills: Helping Child Care Programs Understand and Navigate SBA Loan Options, April 9, 2020

Paying Yourself, Your Staff, and Your Bills

For more information on eligibility and next steps, see the information sheet for borrowers:



For more information on funding options, see the SDA’s Coronavirus (COVID-19): Small Business Guidance & Loan Resources: