On April 30, 2020, the Department of the Treasury and the Federal Reserve Board released a set of “Frequently Asked Questions” (FAQs) relating to the Main Street Business Lending Program (Main Street Program), which was...more
5/5/2020
/ Borrowers ,
CARES Act ,
Coronavirus/COVID-19 ,
EBITDA ,
Federal Reserve ,
Lenders ,
Limited Liability Company (LLC) ,
Main Street Lending Programs ,
Main Street New Loan Facility ,
Nonprofits ,
Paycheck Protection Program (PPP) ,
SBA ,
U.S. Treasury
On April 9, 2020, the Department of the Treasury and the Federal Reserve Board formally announced the establishment of the Main Street Business Lending Program (Main Street Program), to support the flow of credit to small and...more
The COVID-19 pandemic is adversely affecting commercial real estate (CRE) as it continues to wreak havoc in industries throughout the economy. For many years, the primary declining CRE sector has been brick and mortar retail...more