On April 9, 2020, the Federal Reserve announced that the Main Street Lending Program (the “Program”) had been established under the authority of Section 13(3) of the Federal Reserve Act, with approval of the U.S. Secretary of...more
The Small Business Administration issued an Interim Final Rule related to “Business Loan Program Temporary Changes; Paycheck Protection Program.” This Rule is effective on publication in the Federal Register and applies until...more
Paycheck Protection Program
- These loans are going to be made by banks, credit unions and some other lenders, guaranteed 100% by the SBA.
- Eligible borrowers are any business concern, nonprofit, veterans...more