California Main Street Small Business Tax Credit II

October 21, 2021By Jason Melillo

In Late September 2021 Governor Newsom signed Assembly Bill (AB) 150 establishing the Main Street Small Business Tax Credit II. This bill provides financial relief to qualified small businesses for the economic disruptions in 2020 and 2021, resulting in unprecedented job losses. Taxpayers that qualified for Employee Retention Credit may also qualify for the Main Street Read the full article…

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…

Federal Reserve and Dept of Treasury Announce Additional Loan Programs for Businesses

April 10, 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 assisting employers of all sizes and bolster the ability of state and local governments to deliver critical services during the COVID-19 pandemic. Specifically, they announced: The Paycheck Protection Read the full article…