On April 30, 2020, the Federal Reserve announced changes to the Main Street Lending Program in response to public comment. The program supports small and mid-sized businesses through the COVID-19 pandemic by creating a...more
The Main Street Lending Program is being implemented by the Federal Reserve using two different credit facilities, the Main Street New Loan Facility (the “New Facility”) and the Main Street Expanded Loan Facility (the...more
The Small Business Administration (SBA), in consultation with the Department of the Treasury, intends to provide timely additional guidance to address borrower and lender questions concerning the implementation of the...more