Reply to Has your daycare/preschool told you what the plan is?

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[quote=Anonymous][quote=Anonymous]First off, I sympathize with child care providers in general and recognize there is no easy answer.  Our daycare is part of a non-profit network and is not charging tuition during the closure, but as a result I've grown extremely worried about their longterm economic viability.  They are soliciting donations (we donated, but apparently they only raised a small percentage of April operating costs) and got a PPP loan.  But as a non-profit, I am deeply skeptical about their ability to pay it back.  Obviously I'm coming at this as a parent and there is likely much I don't know, but I wonder if they wouldn't have been better off furloughing the staff (so they could claim unemployment) and focus on covering rent, healthcare benefits, and maybe a few admin staff salaries as needed. What if this continues through summer?? I just don't see how they will survive.

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You dont have to pay back a PPP loan as long as you don't lay off staff, and it also covers rent.  That's the point.[/quote]

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