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If you are a business owner beginning to consider retirement, an Employee Stock Ownership Plan (ESOP) may be the perfect solution. It offers you: - A unique business succession planning option
- Tax savings
- Improved company performance
It also benefits your employees and community by: - Helping individuals and their families build personal wealth
- Improving job satisfaction
- Supporting job preservation
- Maintaining your community's tax base
Making ESOPs Easy! The Minnesota Employee Ownership Fund The Minnesota Employee Ownership Fund, a program of the Northland Institute, specializes in partnering with local banks and other financial institutions to provide gap financing for ESOPs--offering loans up to $1 million for qualified businesses. The Fund also is committed to providing ESOP education and training programs to business owners, human resource executives, accountants, attorneys, bankers and financial advisors who are unfamiliar with the benefits of the ESOP model. ESOP Loan Applications Are Now Being Accepted Applications for ESOP loans up to $1 million are now being accepted by the Fund. For a copy of our loan application, click here.
Let us help keep you and your business thriving. Learn more about employee ownership today. For more information, contact Scott Martin at 952-541-9674 or smartin@northlandinst.org.
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