Kenneth Jacob

Kenneth Jacob

ArentFox Schiff

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Federal Reserve Expands Scope and Eligibility of Main Street Lending Program

Updated Benefits for Senior Living Facility Owners and Operators - Effective October 30, 2020, the Federal Reserve updated its Term Sheets and Frequently Asked Questions (the “Updated FAQs”) describing the Main Street...more

11/11/2020  /  Assisted Living Facilities (ALFs) , Federal Reserve , Loan Forgiveness , Main Street Expanded Loan Facility , Main Street Lending Programs , Main Street Priority Loan Facility , Paycheck Protection Program (PPP) , SBA

Benefits of the Main Street Lending Program for Senior Living Facility Owners and Operators

Many senior living owners and operators have found that the Payroll Protection Program loan program either provides insufficient support to them or that they are ineligible for PPP loans. PPP loans are sized to only cover...more

4/15/2020  /  Assisted Living Facilities (ALFs) , Coronavirus/COVID-19 , Long Term Care Facilities , Main Street Lending Programs , Paycheck Protection Program (PPP) , SBA
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