Effective July 6, 2020, the Federal Reserve Bank of Boston announced that the “Main Street Lending Program” is now fully operational and ready to begin purchasing commitments from eligible lenders. After months of periodic...more
7/8/2020
/ CARES Act ,
Coronavirus/COVID-19 ,
EBITDA ,
Federal Reserve ,
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) ,
Small Business Loans ,
U.S. Treasury
Certain provisions of the coronavirus economic stimulus legislation are subject to the ongoing issuance of government regulations and other government action; thus, certain details regarding the legislation may be clarified,...more
In the weeks since the Federal Reserve Board provided term sheets for two “Main Street” loan facilities (see also our prior Client Alert, “Federal Reserve-Initial Launch, Main Street Loan Facilities”), many of our clients as...more