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
On Thursday, July 23, 2020, the New York State Legislature voted to approve companion bills (S 5470/A 10118-A), commonly referred to as the “New York State Small Business Truth in Lending Act” (NY TILA). In passing the NY...more
7/31/2020
/ Banking Sector ,
Commercial Loans ,
Department of Business Oversight ,
Disclosure Requirements ,
Financial Institutions ,
Financial Services Industry ,
Governor Cuomo ,
Merchant Cash Advance (MCA) ,
Securitization ,
Small Business Loans ,
Truth in Lending Act (TILA)