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New Details Emerge on the Main Street Lending Program
Posted by Jake McDonald on Tue, Jun 23, 2020 @ 06:24 PM

More information is coming to light about the Main Street Lending Program, an initiative to facilitate lending to small and mid-sized businesses. Interest in the program, which was expanded by coronavirus legislation, has been stymied while the Federal Reserve (the Fed) worked out some of the logistical details, including recommendations for term sheets. On June 15, more of those details emerged including opening the lender registration for the program, and so activity may finally be picking up.

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Topics: COVID19, Coronavirus, CARES Act, Coronavirus Aid, Relief, and Economic Security Act, main street business lending program, MSNLF, Main Street Lending Program

New Main Street Lending Program Boosts Business Owners
Posted by Chrissy Hammond on Tue, Apr 14, 2020 @ 10:58 AM

On Thursday, April 9, 2020, the Federal Reserve announced additional financing solutions up to $2.3 trillion in loans to support organizations, banks as well as state and local governments. One solution in particular, the Main Street Lending Program will ensure that financial credit continues to be a source for small and mid-sized organizations.

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Topics: COVID19, Coronavirus, CARES Act, Coronavirus Aid, Relief, and Economic Security Act, main street business lending program, MSNLF, Main Street Lending Program

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