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Boston Fed Releases Program Documentation and Updated FAQs for Main Street Lending Program

USA - June 2 2020 On May 27, 2020, The Federal Reserve Bank of Boston (the “Boston Fed”) released documentation and additional details with respect to the Federal…

Karen W. Fries, William C. Holland, Alex J. Kim

Federal Reserve Board Expands Scope and Eligibility of Main Street Lending Program

USA - May 7 2020 On April 30, 2020, the Federal Reserve (the “Fed”) released additional details about the Main Street Lending Program (“MSLP”), and announced that it…

Karen W. Fries, William C. Holland, Alex J. Kim

U.S. Economic Stimulus under the Main Street Lending Program

USA - April 15 2020 On April 9, 2020, the Federal Reserve (the “Fed”) announced that it is taking additional action to provide up to $2.3 trillion in loans to support…

Alex J. Kim

SBICs and the CARES Act

USA - April 15 2020 A small business investment company (“SBIC”) is an investment company that is licensed and regulated by the Small Business Administration (“SBA”)…

Maureen K. Chu, Robert Klingler, Timothy G. O'Connell, Michael J. Royle

Selected requirements of the Economic Stabilization Provisions of the U.S. CARES Act

USA - April 1 2020 As discussed in BCLP’s recent client alert, the CARES Act provides broad relief to a cross section of the country. Title IV, focused on economic…

R. Randall Wang, Victoria R. Westerhaus