Main Street Lending Program Update: Webinar for Borrowers with Q&A to be Presented by the Federal Reserve Bank of Boston on October 21, 2020

October 15, 2020

By: Jeffrey B. Scheer and Anna W. Richards

As we previously advised, the Main Street Lending Program is fully operational and is accepting submissions of eligible loans to nonprofit organizations and for-profit businesses, submitted by eligible lenders.

Interested borrowers may wish to participate in the Main Street Lending Program Info Session presented by the Federal Reserve Bank of Boston which is scheduled via webinar for Wednesday, October 21, 2020 at 2 p.m. EDT. The webinar is designed to help borrowers learn about the Main Street Lending Program and provides an opportunity for borrowers to get answers to specific questions on the Program and its operations from Federal Reserve program leadership.

Questions must be submitted in advance to questions@askthefed.org by Friday, October 16, 2020 at 5 p.m. EDT. 

For an overview of the Main Street Lending Program, please read our prior information memos here, here and here.

The attorneys at Bond, Schoeneck & King can help by answering your questions regarding the Main Street Lending Program and whether your business or nonprofit organization meets the Program’s eligibility criteria. Please contact Jeffrey B. Scheer, any of the attorneys in the Business and Transactions practice or the attorney at the firm with whom you are regularly in contact.