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Main Street Lending Program Publishes FAQs for Nonprofit Organizations

Main Street Lending Program Publishes FAQs for Nonprofit Organizations

Jul 28, 2020 | Firm Overview Articles, Business & Corporate Law News, Nonprofit & Charitable Organizations Law News

The Federal Reserve has released Frequently Asked Questions (FAQs) on the Main Street Lending Program’s expansion to support greater access for nonprofit organizations. Key highlights include: Main Street loans are not forgivable but may be reduced in the event...
Main Street Lending Program Expands to Support Greater Access for Nonprofit Organizations

Main Street Lending Program Expands to Support Greater Access for Nonprofit Organizations

Jul 20, 2020 | Firm Overview Articles, Nonprofit & Charitable Organizations Law News

On Friday, the Federal Reserve announced two new loan options under the Main Street Lending Program. The options make loans available to accommodate a wider range of nonprofit organizations that are ineligible for Paycheck Protection Program loans. The minimum...
Main Street Lending Program Is Now Fully Operational

Main Street Lending Program Is Now Fully Operational

Jul 7, 2020 | Firm Overview Articles, Business & Corporate Law News

On Monday, July 6, the Federal Reserve Bank of Boston announced that the Main Street Lending Program (MSLP) is now fully operational.  The program, established by the Federal Reserve to ease economic stress placed on businesses by the COVID-19 pandemic, allows the...
Federal Reserve Bank of Boston Updates Frequently Asked Questions on Main Street Lending Program

Federal Reserve Bank of Boston Updates Frequently Asked Questions on Main Street Lending Program

May 29, 2020 | Firm Overview Articles, Business & Corporate Law News

Over the past week, the Federal Reserve Bank of Boston hosted an “Ask the Fed” webinar with prospective borrowers and lenders, and updated frequently asked questions to refine its guidance on the Main Street Lending Program (“Main Street”). The...
Main Street Lending Program

Main Street Lending Program

Apr 14, 2020 | Firm Overview Articles, Business & Corporate Law News

Rev. 06/09/20 Key Updates (06/09/2020): On Monday, June 8, the Federal Reserve Board updated its rules for the Main Street Lending Program (“Program”) by lowering the minimum loan amount, raising the maximum loan limit, adjusting the principal repayment...

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The attorneys of Fraser Stryker PC LLO provide legal advice and representation to clients throughout the United States and internationally.

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