Main Street Loan Program – Updates

June 15, 2020By Paren Knadjian

On June 8, 2020, the Federal Reserve Bank of Boston released updated Frequently Asked Questions (FAQs) and Term Sheets with respect to the Main Street Lending Program. Subsequently, on June 11, 2020, it released corresponding updates to many of the program’s documentation. The Board changed the terms and expanded its Main Street Lending Program to Read the full article…

The Main Street New Loan Facility (MSNLF) vs the Main Street Expanded Loan Facility (MSELF) – Comparison Chart

April 12, 2020By Paren Knadjian

On April 9, 2020, the Federal Reserve announced additional actions to provide up to $2.3 trillion in loans to support the economy. This funding is aimed at small to medium-size businesses and state and local governments. Part of these new measures included the announcement of the Main Street Business Lending Program consisting of the Main Read the full article…

[Updated] The Economic Injury Disaster Loan (EIDL) Program vs The Paycheck Protection Program (PPP) – Comparison Chart

April 7, 2020By Paren Knadjian

Updated on April 7, 2020 – Following the declaration of a national emergency to combat the Coronavirus (COVID-19) pandemic, the Small Business Administration (SBA) launched the Economic Injury Disaster Loan Assistance (EIDL) program for small business owners in all US states, Washington D.C., and other US territories. EIDL loans are now available. In addition to Read the full article…