; and (2) by adding at the end the following: (35) Loans to cooperatives (A) Definition In this paragraph, the term cooperative means an entity that is determined to be a cooperative by the Administrator, in accordance with applicable Federal and State laws and regulations. (B) Authority The Administration shall guarantee loans made to a cooperative for the purpose described in paragraph (15). . (b) Delegation of authority to preferred lenders Section 5(b)(7) of the Small Business Act ( 15 U.S.C. 634(b)(7) ) is amended by inserting , including loans guaranteed under paragraph (15) or (35) of section 7(a) after deferred participation loans . 4. Small business investment company program outreach The Administrator shall provide outreach and educational materials to companies licensed under section 301(c) of the Small Business Investment Act of 1958 ( 15 U.S.C. 681(c) ) to increase the use of funds to make investments in company transitions to employee-owned business concerns. 5. Small business microloan program outreach The Administrator shall provide outreach and educational materials to intermediaries under section 7(m) of the Small Business Act ( 15 U.S.C. 636(m) ) to increase the use of funds to make loans to employee-owned business concerns, including transitions to employee-owned business concerns. 6. Small business development center outreach and assistance (a) Establishment The Administrator shall establish a Small Business Employee Ownership and Cooperatives Promotion Program to offer technical assistance and training on the transition to employee ownership through cooperatives and qualified employee trusts. (b) Small business development centers (1) In general In carrying out the program established under subsection (a), the Administrator shall enter into agreements with small business development centers under which the centers shall— (A) provide access to information and resources on employee ownership through cooperatives or qualified employee trusts as a business succession strategy