As part of our practice, we assist lenders with Federal Main Street Lending Program transactions. Recently, the Federal Reserve issued the following:

  • Updated FAQ, click here to read;
  • Lowered the minimum loan size from $250,000 to $100,000 and changed the fee structure for loans with a principal amount of less than $250,000;
  • Overview explaining the core terms of the program and eligibility criteria for non-profit borrowers, click here for more; and,
  • Monthly report dashboard based on usage and geographic distribution, click here to view.

We expect the Federal Reserve to continue issuing new guidance with respect to the Main Street Lending Program, which we will provide as it becomes available.