On July 17, 2020, the Federal Reserve Bank of Boston released updated terms sheets for two types of loan facilities for nonprofits under the Main Street Lending Program (“MSLP”). Similar to the for-profit facilities, the Nonprofit Organization New Loan Facility (“NONLF”) and Nonprofit Organization Expanded Loan Facility (“NOELF”) are available to organizations which were in sound financial condition before the COVID-19 pandemic. However, a number of eligibility adjustments have been made to...<BR />By: <a href="https://www.jdsupra.com/profile/foley_lardner/">Foley & Lardner LLP</a>
↧