On June 15, 2020 the Federal Reserve announced that lender registration is officially open under the Main Street Business Lending Program (Main Street Program). Registration instructions and the form loan participation...more
On June 8, 2020, the Federal Reserve published a press release that expanded certain terms under its Main Street Business Lending Program (Main Street Program) in an effort to make the Main Street Program more accessible to...more
On May 27, 2020, the Federal Reserve Bank of Boston (FRBB) released several forms, agreements and instructions (Required Documentation) for Eligible Lenders and Eligible Borrowers pertaining to the Main Street Business...more
On May 27, 2020, the Federal Reserve Bank of Boston (FRBB) released a significantly updated set of “Frequently Asked Questions” (Updated FAQs), offering additional insight into the details of the Main Street Business Lending...more
On April 30, 2020, the Department of the Treasury and the Federal Reserve Board released a set of “Frequently Asked Questions” (FAQs) relating to the Main Street Business Lending Program (Main Street Program), which was...more
5/5/2020
/ Borrowers ,
CARES Act ,
Coronavirus/COVID-19 ,
EBITDA ,
Federal Reserve ,
Lenders ,
Limited Liability Company (LLC) ,
Main Street Lending Programs ,
Main Street New Loan Facility ,
Nonprofits ,
Paycheck Protection Program (PPP) ,
SBA ,
U.S. Treasury
On April 9, 2020, the Department of the Treasury and the Federal Reserve Board formally announced the establishment of the Main Street Business Lending Program (Main Street Program), to support the flow of credit to small and...more
The COVID-19 pandemic is adversely affecting commercial real estate (CRE) as it continues to wreak havoc in industries throughout the economy. For many years, the primary declining CRE sector has been brick and mortar retail...more
On January 15, 2019, a New York appellate court reinstated portions of Insurance Regulation 208, which was promulgated by the Department of Financial Services (DFS) in December 2017. The regulation prohibited title insurers...more