In an effort to provide more support for small and medium-sized businesses, on June 8, 2020, the Federal Reserve Board (Board) revised the terms of its “Main Street Lending Program” (Program). The significant changes...more
It’s a new month, which means new updates to the “Main Street Lending Program” (Program) established by the Federal Reserve pursuant to authority and funding granted by the CARES Act. The Program is comprised of three loan...more
The Coronavirus Aid, Relief, and Economic Security Act granted the Federal Reserve the authority to establish a “Main Street Lending Program” (Program) to support small and mid-sized businesses. We previously published an...more
The Coronavirus Aid, Relief, and Economic Security (CARES) Act granted the Board of Governors of the Federal Reserve System (FRB) the authority to establish a “Main Street Lending Program” to support lending to small and...more
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) established two loan programs intended to provide liquidity to businesses in the United States: (1) the Coronavirus Economic Stabilization Act of 2020 (CESA),...more