The Federal Reserve announced changes to the FAQs for the Main Street Lending Program. Importantly, the Federal Reserve has advised that lenders should submit their eligible loans to the Main Street SPV on or before December 14, 2020. Loans submitted after that date are unlikely to be processed in time for purchase by the Main Street SPV.
- Click here to read the FAQs related to Non-Profit Organizations
- Click here to read the FAQs related to For-Profit Organizations
If your financial institution is interested in discussing the Main Street Lending Program, please contact us at Info@JellumLaw.com by December 1, 2020.