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

Fed Releases Updated Frequently Asked Questions for Business and Nonprofit Facilities and Instructions for Lender Required Documentation - On September 18, 2020, the Federal Reserve Bank of Boston (the “Boston Fed”) released an updated set of Main Street Lending Program (the “Program”) Frequently Asked Questions for the Business Facilities (defined below) (“FAQs”,) and Nonprofit Facilities (defined below) (“Nonprofit FAQs”, ). The Boston Fed also released updated Instructions for Lender...
By: Proskauer Rose LLP