Jack Moriarty's June 2025 Lafayette Square Institute white paper says only about 2 million workers at roughly 6,000 private companies hold significant ESOP stakes, because most sales still depend on sellers who wait five to ten years for cash. It maps SBA 7(a), SSBCI 2.0, and state credit tools, and the May 2025 American Ownership and Resilience Act, a proposed $5 billion Commerce Department facility for funds that finance majority ESOPs and worker cooperatives.
Owners who want an ESOP sale without a five-to-ten-year seller note can use Moriarty's map of SBA 7(a), SSBCI 2.0, state credit tools, and the proposed American Ownership and Resilience Act. Advisors can compare those tools for ESOPs, worker cooperatives, and trusts.
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