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COVID Relief Bill: Changes to the Paycheck Protection Program and New Lending Terms

USA - January 8 2021 On December 27, 2020, the President signed the Consolidated Appropriations Act, 2021 (“2021 Act”), which contains the Economic Aid to Hard-Hit Small…

Jay T. Thompson, Jim Butler, Marianne Martin.

COVID Relief Bill: Changes to the Paycheck Protection Program and New Lending Terms

USA - January 6 2021 On December 27, 2020, the President signed the Consolidated Appropriations Act, 2021 (“2021 Act”), which contains the Economic Aid to Hard-Hit Small…

Jay T. Thompson, Marianne Martin.

Expansion of the Main Street Lending Program to Nonprofit Organizations

USA - July 20 2020 On July 17, the Federal Reserve Bank of Boston announced the expansion of the Main Street Lending Program to extend credit to nonprofit organizations…

Jay T. Thompson, Marianne Martin, William F. Capps.

Billions in Relief Funding Added via Paycheck Protection Program and Health Care Enhancement Act, While SBA Cautions Economic Necessity Certification Requires Careful Analysis

USA - April 27 2020 On Friday, April 24, 2020, the President signed into law a bill that authorizes several billion dollars in additional funding for the Paycheck…

Jay T. Thompson, Marianne Martin, William F. Capps.

The Main Street Lending Program: A Potential Financing Option Intended for Small and Mid-Sized Companies

USA - April 10 2020 On Thursday, April 9, 2020, the Treasury and the Federal Reserve announced the details of a Main Street Lending Program authorized by the CARES Act…

Jay T. Thompson, Marianne Martin, William F. Capps.