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Borrowing from an ESOP

I am currently employed by a company that has an Employee Stock Ownership Plan or ESOP. My question is, can that be used to borrow against and, if so, what do I need to do to do that?


Whether or not you will be able to borrow against an ESOP is something covered in the plan documents. Talk to the plan administrator for more information,

Published on BankingQuestions.com 6/26/06