The SBA Qualified Employee Trusts Loan Program provides guaranteed loans for employee trusts provided they meet certain qualifications. Some things to keep in mind about this plan.


 

  • The plan must be sponsored by the employer/ company of which the employee/s must be a part of.


  • The trust must be mainly a source of loans or investment.


  • It is required to comply with the Internal Revenue Service Code regulations and be or the Department of Labor.


  • The proceeds can go towards purchasing a controlling interest in the employer or by purchasing employer securities in order to re-lend the proceeds to the employer.




    • Loan Amount: The maximum loan amount is $2 million. The SBA guarantee is usually $1 million.

    For more information about the SBA Qualified Employee Trusts Loan Program.

     
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