About

David McClellan is an associate in the Corporate Law Department and a member of the Capital Markets Group. Prior to joining Proskauer, David interned at…

David McClellan is an associate in the Corporate Law Department and a member of the Capital Markets Group. Prior to joining Proskauer, David interned at the Federal Labor Relations Authority in Washington D.C., where he contributed to the resolution of public sector union complaints and workplace disputes.

David earned his J.D. from the University of Virginia School of Law, where he was a business editor of the Virginia Journal of International Law and an officer of Rivanna Investments Club.

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Originally published on May 4, 2020. Last updated as of September 23, 2020. The Federal Reserve Bank of Boston recently published updated Frequently Asked Questions and related documentation for the Main Street Lending Program’s Business and Nonprofit Facilities, to reflect that the Nonprofit Facilities are operational and to include multi-borrower loans. This client alert describes the main terms, issues and open questions for each of the five separate loan facilities available to eligible businesses and nonprofits under the Fed’s Main Street Lending Program.

About

David McClellan is an associate in the Corporate Law Department and a member of the Capital Markets Group. Prior to joining Proskauer, David interned at…

David McClellan is an associate in the Corporate Law Department and a member of the Capital Markets Group. Prior to joining Proskauer, David interned at the Federal Labor Relations Authority in Washington D.C., where he contributed to the resolution of public sector union complaints and workplace disputes.

David earned his J.D. from the University of Virginia School of Law, where he was a business editor of the Virginia Journal of International Law and an officer of Rivanna Investments Club.