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Federal Reserve’s Main Street Lending Program: What Businesses Need to Know to Prepare

On April 9, 2020, the Federal Reserve, acting under the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) and Section 13(3) of the Federal Reserve Act (12 USC §344), announced the creation of a new “Main Street...more

COVID-19: Federal Reserve’s Main Street Lending Program: What Businesses Need to Know to Prepare

On April 9, 2020, the Federal Reserve, acting under the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) and Section 13(3) of the Federal Reserve Act (12 USC §344), announced the creation of a new “Main Street...more

PPP Loan Eligibility: Do You Count Foreign Employees or Just U.S. Employees?

The U.S. Small Business Administration ("SBA") has issued new guidance on the new Paycheck Protection Program ("PPP"), which currently makes loans available to applicants that employ fewer than 500 people (or higher amount...more

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