; and (ii) in which employees are eligible for membership. (B) Authority The Administration shall guarantee loans made to a cooperative for the purpose described in paragraph (15). (C) No guarantee With respect to a cooperative that is formed through a transfer of ownership, the Administrator may, as deemed appropriate, waive the requirement for a guarantee on a loan guaranteed under this paragraph unless any single member of the cooperative has more than a 20 percent ownership share in the cooperative. . (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 establish an outreach program with 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 establish an outreach program with 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