Historic Federal Law Gives Employee-Owned Businesses Access to SBA Loans

Buried in the recently passed defense authorization bill, the Main Street Employee Ownership Act is now the law of the land. The new law, which is the first major supportive employee ownership legislation to pass Congress since 1997, enables the use of Small Business Administration–guaranteed loans to help retiring business owners finance the sale of their businesses to their employees.

Nonprofit Quarterly | Civic News. Empowering Nonprofits. Advancing Justice.
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