MAIN STREET LENDING PROGRAM ANNOUNCED FOR SMALL AND MID-SIZED BUSINESSES

MAIN STREET LENDING PROGRAM ANNOUNCED FOR SMALL AND MID-SIZED BUSINESSES

The Federal Reserve announced today a $2.3 trillion initiative to bolster local governments and support small to medium-sized businesses. Included in the package is $600 billion for the Main Street Lending Program, which includes the Main Street New Loan Facility...
SBA Issues FAQs for CARES Act Paycheck Protection Program

SBA Issues FAQs for CARES Act Paycheck Protection Program

June 3 Update: Senate Approves Paycheck Protection Program Flexibility Act of 2020; President Trump Expected to Sign. On April 7, the SBA issued FAQs providing clarification on a number of issues, including exceptions to the 500 employee rule, borrower and lender...
SBA Issues Final Interim Rules and New Paycheck Protection Program Application

SBA Issues Final Interim Rules and New Paycheck Protection Program Application

June 4 Update: Senate Approved Paycheck Protection Program Flexibility Act of 2020; President Trump Expected to Sign. As a follow-up to our March 31 post on the CARES Act Paycheck Protection Program, the SBA released yesterday an Interim Final Rule and an updated...
CARES Act Paycheck Protection Program: Who, When and How to Apply with the SBA

CARES Act Paycheck Protection Program: Who, When and How to Apply with the SBA

June 3 Update: Senate Approves Paycheck Protection Program Flexibility Act of 2020; President Trump Expected to Sign. The U.S. Treasury today announced new information regarding the Paycheck Protection Program, a part of the $2 trillion CARES Act stimulus package that...