The US Federal Reserve has confirmed in its Main Street Loans frequently-asked-questions-faqs about the Main Street lending program (the “FAQ”) that US subsidiaries of foreign companies can be eligible borrowers under the...more
6/16/2020
/ Borrowers ,
CARES Act ,
Coronavirus/COVID-19 ,
Federal Reserve ,
Foreign Corporations ,
Main Street Expanded Loan Facility ,
Main Street Lending Programs ,
Main Street Priority Loan Facility ,
Paycheck Protection Program (PPP) ,
Subsidiaries ,
Term Sheets
On April 14, 2020, the Sheppard Mullin French desk hosted a webinar on the impact of COVID-19 on various business sectors. The webinar was organized as a roundtable discussion with two business leaders, Christopher Mars, the...more
The Small Business Administration (“SBA”) in its implementation of the CARES Act just released an updated loan application form for borrowers who want to avail themselves of Title I – Paycheck Protection Program (“PPP”)...more