Title 13

SECTION 120.350

§ 120.350 Policy.

Section 7(a)(15) of the Act authorizes SBA to guarantee a loan to a qualified employee trust (“ESOP”) to:

(a) Help finance the growth of its employer's small business; or

(b) Purchase ownership or voting control of the employer.

[85 FR 80588, Dec. 14, 2020]