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