Main Street Lending Program

Originally published on May 4, 2020. Last updated as of February 19, 2021.

The Main Street Lending Program terminated on January 8, 2021. This client alert describes the main terms, issues and open questions for each of the five separate loan facilities which were available to eligible businesses and nonprofits under the program, and an

On April 9, 2020, the Federal Reserve announced additional programs under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) to provide up to $2.3 trillion in loans and other investments to support the U.S. economy. These actions include:

  • Supplying liquidity to financial institutions participating in the Small Business Administration’s Paycheck Protection Program