Matthew Burton

Foley Hoag LLP

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Main Street Lending Facilities under the CARES Act - Update #2

On June 8, 2020, the Board of Governors of the Federal Reserve System (the “Fed”) released improvements favorable to borrowers for its three lending programs (the “Main Street Facilities”) under the Coronavirus Aid, Relief...more

6/16/2020 / Borrowers , CARES Act , Eligibility , Federal Funding , Federal Reserve , Main Street Expanded Loan Facility , Main Street Lending Programs , Main Street New Loan Facility , Main Street Priority Loan Facility , Midsize and Large Business Loans

Main Street Lending Facilities under the CARES Act - Update

On April 30, 2020, the Board of Governors of the Federal Reserve System (the “Fed”) released further details regarding three lending programs (the “Main Street Facilities”) under the Coronavirus Aid, Relief and Economic...more

5/5/2020 / Borrowers , CARES Act , Coronavirus/COVID-19 , Eligibility , Federal Reserve , Lenders , Main Street Lending Programs , Main Street New Loan Facility , Midsize and Large Business Loans , Small Business

Main Street Lending Facilities under the CARES Act

On April 9, 2020, the Board of Governors of the Federal Reserve System (the “Fed”) released details regarding two lending programs (the “Main Street Facilities”) under the Coronavirus Aid, Relief and Economic Security Act...more

4/15/2020 / CARES Act , Federal Loans , Federal Reserve , Main Street Lending Programs , SBA

CARES Act Title IV Loans to Large and Midsize Businesses

In addition to the loans being made under the CARES Act to small businesses (typically with fewer than 500 employees), Title IV Subtitle A of the Act also provides nearly $500 billion in senior loans and guarantees to larger...more

4/1/2020 / Airlines , CARES Act , Coronavirus/COVID-19 , Federal Loans , Federal Reserve , Financial Stimulus , Midsize and Large Business Loans , Relief Measures , U.S. Treasury

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