Who Needs to Know -
Lenders and potential borrowers considering making loans or borrowing under the MSLP.
Why It Matters -
In the month of September, the Federal Reserve Bank of Boston (Boston Fed) released...more
9/30/2020
/ Borrowers ,
CARES Act ,
Coronavirus/COVID-19 ,
EBITDA ,
Eligibility ,
Federal Reserve ,
Financial Institutions ,
Lenders ,
Loan Origination Funds ,
Main Street Lending Programs ,
Nonprofits ,
Special Purpose Vehicles
On June 15, the Federal Reserve Board released proposed term sheets to expand the Main Street Lending Program to nonprofit entities in sound financial condition before the onset of the COVID-19 pandemic. The announcement...more
On Wednesday, May 27, the Federal Reserve Bank of Boston (Boston Fed) released additional information on the Main Street Lending Program (MSLP), which includes the form of the participation agreement governing the...more
On April 30, after processing more than 2,200 comment letters to its initial term sheets, the Federal Reserve Board announced new terms that expand the scope and eligibility for the Main Street Lending Program (the Program)...more