News & Analysis as of

Main Street Expanded Loan Facility Small Business

McCarter & English, LLP

Act Now Or Be Exiled From Main Street

McCarter & English, LLP on

The window for the Main Street Loan Program (“Main Street Program”), designed to provide loans with favorable terms to midsize companies to help address the economic fallout caused by the pandemic, is closing on December 31,...more

McGuireWoods LLP

Main Street Lending Program Adjusted to Better Target Smaller Businesses: Federal Reserve Issues Updated Guidance; Program Uptake...

McGuireWoods LLP on

The Federal Reserve recently adjusted the terms of the Main Street Lending Program (MSLP) to better target support to smaller businesses....more

Bowditch & Dewey

Main Street Lending Program – Expanded Assistance to Nonprofit Organizations

Bowditch & Dewey on

The Main Street Lending Program (MSLP) was established by the Treasury Department with $75 billion from the CARES Act to enhance access to credit for small and medium-sized businesses during the COVID-19 pandemic which were...more

Schwabe, Williamson & Wyatt PC

CARES Act Questions for the Manufacturing, Distribution and Retail Industry - Update #6

Congress recently passed the economic stimulus package referred to as the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act1”), the Paycheck Protection Program and Health Care Enhancement Act (“PPPHCE Act”),...more

Schwabe, Williamson & Wyatt PC

CARES Act Questions for the Transportation, Ports, and Maritime Industries - Update #5

Congress recently passed the economic stimulus package referred to as the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act1”), the Paycheck Protection Program and Health Care Enhancement Act (“PPPHCE Act”),...more

Schwabe, Williamson & Wyatt PC

CARES Act Questions for the Real Estate and Construction Industry - Update #5

Congress recently passed the economic stimulus package referred to as the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act1”), the Paycheck Protection Program and Health Care Enhancement Act (“PPPHCE Act”),...more

Schwabe, Williamson & Wyatt PC

CARES Act Questions for the Agricultural Industry - Update #3

Congress recently passed the economic stimulus package referred to as the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act1”), the Paycheck Protection Program and Health Care Enhancement Act (“PPPHCE Act”),...more

Schwabe, Williamson & Wyatt PC

CARES Act Questions for the Manufacturing, Distribution and Retail Industry - Update #5

Congress recently passed the economic stimulus package referred to as the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act1”), the Paycheck Protection Program and Health Care Enhancement Act (“PPPHCE Act”),...more

Pillsbury Winthrop Shaw Pittman LLP

Main Street Lending Program: Summary for Small and Medium-Sized Businesses

On June 8, the Federal Reserve released updated guidance for the Main Street Lending Program. Pillsbury’s Public Policy and Finance teams provide a synopsis of the often-updated program’s eligibility requirements and loan...more

White and Williams LLP

The Main Street Business Lending Program – Expanded Terms

White and Williams LLP on

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

Pillsbury Winthrop Shaw Pittman LLP

Fed Expands and Enhances Main Street Lending Program

Larger loans available, and more small and medium-sized businesses may qualify for support with new changes to minimum loan amounts and amortization schedule. Minimum loan amounts reduced and maximum loan amounts increased...more

Pillsbury Winthrop Shaw Pittman LLP

The CARES Act: Key Provisions Affecting Commercial Real Estate Companies

The CARES Act continues to provide crucial financial assistance for small and midsize businesses as well as tax relief for property owners and real estate companies. The Paycheck Protection Program and Health Care...more

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