The Federal Reserve Bank of Boston (“FRBB”) announced that the Main Street Lending Program (the “Program”) established by the Federal Reserve Board (the “Fed”) is operational as of July 6, 2020. To obtain a Program loan,...more
On April 30, the Federal Reserve released additional guidance and an FAQ regarding the Main Street Lending Program (the “Program”). In a previous client alert, Stoel Rives’ corporate team discussed the fundamentals of the...more
On April 9, 2020, the Federal Reserve shared details of the Main Street New Loan Facility (“MSNLF”) and the Main Street Expanded Loan Facility (“MSELF”), which in combination establish the $600 billion Main Street Lending...more