CFR > Title 13 - Business Credit and Assistance > CHAPTER I—SMALL BUSINESS ADMINISTRATION > PART 120—BUSINESS LOANS > SUBPART C—Special Purpose Loans (§120.300 to §120.398) > 120.350—Policy.

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.