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
MSLP Facilities for For-Profit Businesses -
Since mid-July, the Boston Fed has updated the business MSLP FAQs twice (releases on July 15 and July 31) with additional details and clarifications. Significant changes and...more
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