On June 8, the Federal Reserve released updated guidance for the Main Street Lending Program.
Pillsbury’s Public Policy and Finance teams provide a synopsis of the often-updated program’s eligibility requirements and loan...more
On June 15, the Federal Reserve proposed to expand the Main Street Lending Program to benefit small and medium-sized nonprofits and released term sheets for public comment.
Our chart summarizes the proposed expansion,...more
Larger loans available, and more small and medium-sized businesses may qualify for support with new changes to minimum loan amounts and amortization schedule.
Minimum loan amounts reduced and maximum loan amounts increased...more