The Main Street Lending Program, authorized under the CARES Act and Section 13(3) of the Federal Reserve Act, is designed to provide financial assistance to small and medium sized businesses. There will be three Main Street...more
6/15/2020
/ Banks ,
Borrowers ,
CARES Act ,
Coronavirus/COVID-19 ,
Debt ,
EBITDA ,
Federal Reserve ,
Holding Companies ,
Lenders ,
Main Street Expanded Loan Facility ,
Main Street Lending Programs ,
Main Street New Loan Facility ,
Main Street Priority Loan Facility ,
Midsize and Large Business Loans ,
Paycheck Protection Program (PPP) ,
Savings and Loan Companies ,
Small Business Loans ,
U.S. Treasury
In these unprecedented times of “shelter in home” orders, remote working, and other strategies Americans are taking to mitigate the risks associated with COVID-19, we anticipate that many organizations will decide to...more
The CARES Act (“Act”) enacted on March 27, 2020 provides the Treasury with $454 billion to make loans, loan guarantees and other investments in Federal Reserve programs and facilities that will give support to eligible...more