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The US Small Business Administration actually offers small business loans to groups of employees trying to get a controlling share of their companies. However,
by elil17 4y ago
The US Small Business Administration actually offers small business loans to groups of employees trying to get a controlling share of their companies. However, the program is pretty hard to use (like every other government program). https://www.sba.gov/brand/assets/sba/sba-lenders/ESOP_Borrower_Fact_Sheet.pdf https://www.sba.gov/brand/assets/sba/sba-lenders/ESOP_Borrow...
There's actually a bill in congress right now that would, among other things, provide technical assistance and outreach for employees who might be able to use the program: https://www.congress.gov/bill/117th-congress/house-bill/4141/text?r=2&s=1 https://www.congress.gov/bill/117th-congress/house-bill/4141...