3 July 2021
Help build support for the new Capital for Cooperatives Act!
On May 20, 2021 Sen. John Hickenlooper (D-CO) introduced the Capital for Cooperatives Act to level the playing field for cooperative businesses to access financing at the U.S. Small Business Administration (SBA). Currently, SBA requires a personal or entity guarantee on the agency’s financing tools. This requirement is incompatible with the cooperative business model. The Capital for Cooperatives Act would require SBA to change regulations on loan guarantees made to co-ops to ensure that risk is adequately mitigated, without requiring a personal or entity guarantee from borrowers.
NCBA CLUSA and more than 250 co-op organizations and partners, listed below, are proud to support this legislation. Join us!