Main Street Lending Program Expanded, New Details Released
Thoughtware Alert
Published: May 04, 2020
On April 9, 2020, the U.S. Department of the Treasury announced details on several lending facilities funded by the Exchange Stabilization Fund created by the Coronavirus Aid, Relief, and Economic Security Act. On April 30, 2020, after receiving feedback from lenders and businesses, the Federal Reserve expanded the scope and eligibility criteria for the Main Street lending program and released a FAQ document. This article provides details on the changes.
