The employee stock ownership plan (ESOP) today represents a wide variety of companies, with construction, engineering and manufacturing the most common.
Started about 60 years ago when employees of a California-based newspaper bought the entire chain and became its owners, ESOPs today employee about 10.3 million people and account for about 10 percent of the country's private sector workforce.
Just like other types of companies, ESOPs have equipment needs to ensure they can operate optimally and remain competitive. The options to finance equipment for ESOPs vary, but a customized structure is one of the best ways to reach financial objectives.
To learn more, download our ESOP equipment financing white paper: