The Main Street Lending Program, authorized under the CARES Act and Section 13(3) of the Federal Reserve Act, is designed to provide financial assistance to small and medium sized businesses. There will be three Main Street...more
6/15/2020
/ Banks ,
Borrowers ,
CARES Act ,
Coronavirus/COVID-19 ,
Debt ,
EBITDA ,
Federal Reserve ,
Holding Companies ,
Lenders ,
Main Street Expanded Loan Facility ,
Main Street Lending Programs ,
Main Street New Loan Facility ,
Main Street Priority Loan Facility ,
Midsize and Large Business Loans ,
Paycheck Protection Program (PPP) ,
Savings and Loan Companies ,
Small Business Loans ,
U.S. Treasury
The new CARES Act provides Treasury with the authority to make loans, guarantees and other investments, and provide grants for payroll assistance to the aviation industry. On March 30, 2020, the Treasury released guidelines...more