News & Analysis as of

Eligibility Determination Main Street Lending Programs

Schwabe, Williamson & Wyatt PC

Main Street Lending Program Overview for Nonprofits and For-Profit Businesses - Update

The Federal Reserve Bank of Boston announced on July 6, 2020, that the Main Street Lending Program (“Main Street Program” or “Program”) is now fully operational and ready to purchase participation in eligible loans that are...more

Stinson LLP

Relief for Middle Market Companies: New Details on the Main Street Lending Program

Stinson LLP on

On April 9, 2020, the Federal Reserve announced its Main Street Lending Program (MSLP), which in its initial form consisted of two facilities through which the Federal Reserve would purchase participations in loans that met...more

Carlton Fields

Update on the Reserve Board's Main Street Program: Moves to Assist Larger Businesses

Carlton Fields on

A few weeks ago, we commented on the Federal Reserve’s newly unveiled Main Street Lending Program. We noted that the $600 billion lending effort was for businesses with up to 10,000 employees and up to $2.5 billion in 2019...more

Bilzin Sumberg

Main Street Lending Program Expansion Client Alert

Bilzin Sumberg on

The Federal Reserve Board on Thursday announced it is expanding the scope and eligibility for the Main Street Lending Program, the $600 billion program of financial assistance to small and medium-sized businesses authorized...more

Seyfarth Shaw LLP

Money for Main Street Update: Fed Releases Revised Main Street Lending Program Guidance and Terms

Seyfarth Shaw LLP on

On April 30, 2020, following a period of public comment, the Federal Reserve Board (“Fed”) published additional guidance and revisions to its Main Street Lending Program (the “Main Street Program”), expanding the program’s...more

Stinson LLP

COVID-19 Relief for Middle Market Companies: The Federal Reserve's Main Street Lending Program under the CARES Act

Stinson LLP on

With lending now underway under the well-known Paycheck Protection Program (PPP) established under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) aimed at providing COVID-19 relief to small and medium...more

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