The Federal Reserve recently expanded its Main Street Lending Program (the “Program”) to three separate loan facilities: the Main Street New Loan Facility, the Main Street Priority Loan Facility and the Main Street Expanded Loan Facility (each, a “MSLP Facility” and collectively, the “MSLP Facilities”). The MSLP Facilities are aimed at providing up to $600
Main Street Lending Program
Alert – Federal Reserve Launches Main Street Lending Program and Other Mid-Sized Business Assistance
Posted in Recent Developments
As small businesses attempt to navigate the Paycheck Protection Program and other available federal relief, mid-sized businesses have awaited guidance on the Main Street Lending Program (the “Program”) and related corporate assistance programs targeted to mid-sized business enterprises, as initially proposed under the CARES Act (the “Act”). While we expect additional details to be released…