"The Small Business Administration's (SBA) flagship 7(a) loan program has long been a lifeline for small businesses by providing financial assistance through loans guaranteed by the federal government."

"Until recently, the SBA 7(a) loan program had placed significant obstacles for businesses seeking employee stock ownership through Employee Stock Ownership Plans (ESOPs). Thanks to recent changes, the SBA 7(a) loan program is becoming a powerful tool that can facilitate liquidity, succession planning, and employee ownership."