As baby boomers retire, an estimated 70 percent of all private businesses are predicted to transfer ownership in the next five to 20 years. This represents a $10 trillion market opportunity for lenders as well as an opportunity to anchor jobs in the community. This new brief, published by the Cooperative Fund of New England, Project Equity, and the Democracy at Work Institute, provides a primer on worker co-ops and guidance for underwriting worker cooperative conversions. It also includes five case studies of cooperative conversions with details on loan terms, debt and equity ratios, sources of capital, and collateral requirements