Building Sustainable Businesses through Employee Ownership at SBA

The hearing will allow Members to examine the challenges faced by employee-owned businesses in accessing affordable capital from the SBA, and SBA’s efforts to address those issues. The hearing will also provide Members the opportunity to receive feedback on two bills that aim to improve access to the Small Business Administration’s (SBA) 7(a) loan guarantee program for employee-owned firms. The measures are as follows: H.R. 9347, the “Main Street Employee Ownership 2.0 Act of 2022” and H.R. 9345, the “Improving SBA Engagement on Employee Ownership Act”.