; (ii) in clause (ii), by striking and at the end; (iii) in clause (iii), by striking the period at the end and inserting , and ; and (iv) by adding at the end the following: (iv) with respect to a loan made to a trust, or to a cooperative in accordance with paragraph (35)— (I) a seller of the small business concern may remain involved as an officer, director, or key employee of the small business concern when a qualified employee trust or cooperative has acquired 100 percent of ownership of the small business concern; and (II) any seller of the small business concern who remains as an owner of the small business concern, regardless of the percentage of ownership interest, may be required to provide a personal guarantee by the Administration. ; and (C) by adding at the end the following: (F) A small business concern that makes a loan to a qualified employee trust under subparagraph (A)(ii) is not required to contain the same terms and conditions as the loan made to the small business concern that is guaranteed by the Administration under such subparagraph. (G) The Administration shall not require a qualified employee trust or any member of the trust to provide a personal guarantee on a loan guaranteed under this paragraph unless any single member of the trust has more than a 20 percent ownership share in the trust. (H) With respect to a loan made to a qualified employee trust under this paragraph, or to a cooperative in accordance with paragraph (35), the Administrator may, as deemed appropriate, elect to not require any mandatory equity to be provided by the qualified employee trust or cooperative to make the loan. ; and (2) by adding at the end the following: (35) Loans to cooperatives (A) Definition In this paragraph, the term cooperative means a corporation— (i) that is determined to be a cooperative by the Administrator, in accordance with applicable Federal and State laws and regulations