Blue Ridge ESOP Associates Industry News

April 2020 - Washington Alert from The ESOP Association

Posted by Blue Ridge ESOP Associates

Apr 9, 2020 9:18:40 AM

The ESOP Association is diligently working in Washington on behalf of all ESOPs.  Below is the information that they shared to all of their members*.

TEA - Washington Alert April 2020

In response to a request from The ESOP Association, two influential Senators have written a letter informing the Small Business Administration (SBA) that ESOPs are definitively eligible for coronavirus relief loans and urging the agency to make this clear to lenders everywhere.  

The Association thanks Senators Ron Wyden (D-OR) and Benjamin Cardin (D-MD) for their invaluable and timely support.

Learn more about this action, and read the full letter, in today's Washington Alert. This new series is a benefit exclusively for members of The ESOP Association.

*The links above are only available to members of The ESOP Association, however, due to this pandemic season, they are offering a discount on their corporate membership fees through April 15, 2020. If you are a client of Blue Ridge, please reach out to Tom Roback for more information.