What Does It All Mean? Demystifying the Financing Process for ESOPs

For prospective ESOP companies, obtaining financing through a bank can be a daunting task as they've never had to operate with any material level of debt in their history. This can cause companies to shy away from bank financing either as a part of their initial transaction or as a tool to accelerate their growth further into the ESOP.
During this session, we'll outline the financing process, major terms and, covenants. We’ll also provide background detail so that ESOP companies can feel comfortable seeking out financing that can help accomplish the company’s and selling shareholder's goals.

NCEO Publication: Selling to an ESOP and Financing the Deal