The SBA 7(a) Borrower Information Form asks about various types of business structures and plans. An Employee Stock Ownership Plan (ESOP) is a qualified defined contribution plan with employee stock ownership as its primary benefit. A 401(k) plan is a qualified defined contribution plan that allows employees to electively defer compensation. A cooperative is an autonomous association of persons who voluntarily join together to achieve a common economic goal. Each plan or structure has unique features and benefits, and it is essential to understand the differences before making a decision.