Commercial real estate owners may find relief under the Main Street Lending Program, but with many unable to qualify, the recently introduced HOPE Act, if enacted, will fill a much-needed gap.
Although the possibility may...more
The update generally provides further clarifications to existing guidance, but one change regarding the Expanded Loan Facility could enable eligible borrowers to access additional funding that was previously unavailable to...more
7/21/2020
/ Borrowers ,
Collateralized Debt Obligations ,
Collateralized Loan Obligations ,
EBITDA ,
Lenders ,
Libor ,
Main Street Expanded Loan Facility ,
Main Street Lending Programs ,
Main Street New Loan Facility ,
Main Street Priority Loan Facility ,
New Guidance ,
Paycheck Protection Program (PPP) ,
SBA
Choosing the Right Facility for Your Business -
The flowchart presented here provides a simplified decision tree to assist you in making a selection that is right for your business. It highlights certain differences...more
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
Banks considering lending under the Main Street Lending Program should take note of additional guidance issued by the Federal Reserve Bank of Boston.
Eligible Lenders have the option to condition their funding of a Main...more
Companies that may want to borrow under the Main Street Lending Program should take note of additional guidance recently issued by the Federal Reserve Bank of Boston.
The Federal Reserve Bank of Boston has issued further...more
6/2/2020
/ Borrowers ,
Certifications ,
Federal Reserve ,
Main Street Expanded Loan Facility ,
Main Street Lending Programs ,
Main Street New Loan Facility ,
Main Street Priority Loan Facility ,
New Guidance ,
Paycheck Protection Program (PPP) ,
Safe Harbors ,
SBA ,
Small Business Loans
In response to public input, loan options under the Main Street Lending Program have increased and eligible businesses expanded.
The pool of businesses eligible to borrow has been expanded....more
Loans of $25 million to $150 million now available for mid- to large-sized businesses -
The Treasury Department and Federal Reserve has announced two new lending programs, as well as additional investment in and expansion...more