Where is Main Street? The Federal Reserve Provides Guidance on the Main Street Lending Program (Updated)

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”)...

Please see full Publication below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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