Over 90 organizations, across 26 states and the District of Columbia joined the National Cooperative Business Association – CLUSA International in support and request a committee hearing on the Small Business Administration’s (SBA) recent report to Congress, “Cooperative Lending – Personal Guarantee Requirement” that was required through the bipartisan supported and passage of the Main Street Employee Ownership Act.

This initiative was supported by three Indiana organizations, the Indiana Center for Employee Ownership, the Indiana Cooperative Development Center, and the Indiana Farmers Union.

A copy of the letter sent to Senators Rubio and Cardin, and Congresspersons Velazquez and Chabot is available your your viewing at the following link. Hearing Request on MSEOA implementation FINAL.

If you are interested in supporting this initiative –  NCBA-CLUSA will still be accepting signatories and updating the live version of the letter on NCBA’s website here.

Rick