When a business owner decides to retire, sell, or shutter a business, workers can be left in the lurch. But BRED can help you and your co-workers make a bid to convert your workplace to democratic ownership.
Our support for worker-led conversions is based in two strategic principles:
Access to capital should never be the barrier to worker ownership.
BRED offers financing that is designed to work for cooperative businesses: repayments are made only from net profits, there are no personal guarantees or personal collateral, and we don’t check credit scores.
We prioritize lending to workers who are historically excluded from finance, including Black and Brown people, trans and gender non-conforming people, and women.
Access to technical support should never be the barrier to worker ownership
Business conversions are hard—and often move quickly. BRED is ready to help workers take advantage of an opportunity or a crisis with the expert advice and business knowledge they need.
If you want to explore whether a worker-led conversion could work for your workplace, fill out our intake form now.
