Political Quotes

Nydia Velázquez: Given the precedent set with PPP to not require a personal guaranty for loans to ESOPs and co-ops, why does SBA continue…

On the recordMay 17, 2022
Given the precedent set with PPP to not require a personal guaranty for loans to ESOPs and co-ops, why does SBA continue requiring a personal or entity guaranty for 7(a) loans to co-ops and ESOPs?
Said by
Nydia Velázquez
Democratic · New York

Editor's note · Context

Velazquez questions the SBA's requirement for personal guarantees for certain loans.

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