UPDATE: Where is Main Street?—Fed Provides Guidance on the Main Street Lending Program -
On June 11, 2020, the Federal Reserve Bank of Boston (the “Boston Fed”) released updated information for potential lenders and borrowers in anticipation of the launch of the Main Street Lending Program (the “Program”), including updated borrower certifications and covenants
(“Borrower Certifications”), updated lender certifications and covenants (“Lender Certifications”), an updated form loan participation agreement, and other legal documents related to the Program. On June 8, the Boston Fed released updated Frequently Asked Questions (the “FAQs”)...
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