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Where is Main Street?—Fed Provides Guidance on the Main Street Lending Program - August 2020

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On August 6, 2020, the Federal Reserve Bank of Boston (the “Boston Fed”) published an updated set of Frequently Asked Questions for the Nonprofit Facilities (defined below) (“Nonprofit FAQs”) which are part of the Main Street Lending Program (the “Program”). As noted in our prior alerts (and in numerous updates to this alert), the Department of the Treasury will use funding from the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) to make a $75 billion equity investment in...<BR />By: <a href="https://www.jdsupra.com/profile/proskauer_rose/">Proskauer Rose LLP</a>

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