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
Today, the Small Business Administration (SBA) published guidance regarding its intended approach to review of borrower certifications that a Paycheck Protection Program (PPP) loan was necessary to support ongoing...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
As discussed in a previous client alert issued by Stoel Rives’ corporate team, the Paycheck Protection Program (“Program”) is part of a quickly evolving regulatory landscape. With a tremendous amount of information and...more
As anticipated, things are subject to swift changes as the Small Business Administration (“SBA”) embarks on a regulatory sprint to promulgate rules that will help administer the Paycheck Protection Program (“Program”). The...more
To cope with the financial impacts of the COVID-19 pandemic, under the Paycheck Protection Program (“Program”) established by the Coronavirus Aid, Relief, and Economic Security Act (“Act”), eligible businesses may receive a...more
4/2/2020
/ Business Interruption ,
CARES Act ,
Coronavirus/COVID-19 ,
Economic Injury Disaster Loans ,
Federal Loans ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
SBA ,
SBA Lending Programs ,
Small Business ,
Tax Relief