Where is Main Street?—Fed Provides Guidance on the Main Street Lending Program - July 2020

Originally published on May 4, 2020. Last updated as of July 10, 2020.

The Federal Reserve Bank of Boston recently published information in anticipation of the launch of the Main Street Lending Program under the CARES Act, including updated frequently asked questions and term sheets related to the Program. This updated alert describes and analyzes the main terms of the Program, and highlights remaining open issues and questions.

Please see full publication below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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