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Federal Reserve Provides Greater Access, and Clarity, to the Main Street Lending Program

On April 30, 2020, the Federal Reserve announced a significant expansion of the Main Street Lending Program (MSLP) and released guidance related to specific provisions of each Main Street facility. ...more

Financial Relief Arrives for Small and Mid-Size Businesses

On April 9, 2020, the Federal Reserve, in conjunction with the Treasury Department, announced additional actions to support small and mid-sized businesses through an expansion of the Main Street Lending Program....more

SBA Issues Frequently Asked Questions on Paycheck Protection Program

Late on April 6, and during the day on April 8, 2020, the Small Business Administration (SBA), in consultation with the Department of Treasury, issued Frequently Asked Questions (FAQs) on the Paycheck Protection Program (PPP)...more

Paycheck Protection Program Begins April 3

The Coronavirus Aid, Relief and Economic Security (CARES) Act created a new Paycheck Protection Program designed to encourage employers to retain employment and compensation levels. ...more

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