Main Street Lending Program

Mnuchin to Let Emergency Credit Programs Lapse
Credit & Capital

Mnuchin to Let Emergency Credit Programs Lapse

If the economy "really goes south," the Treasury Secretary "will go down in history as the man who took away a safety net when it was really needed.”
By Matthew Heller | November 20, 2020
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Main Street Program Gets First Nonprofit Borrower
Credit & Capital

Main Street Program Gets First Nonprofit Borrower

The Sun Belt Conference's commissioner believes its $4.4 million loan from the Fed program is "really going to help us do what we need to do."
By Matthew Heller | November 12, 2020
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Banks Wary of Fed’s Main Street Loan Program
Credit & Capital

Banks Wary of Fed’s Main Street Loan Program

Loan officers cited the financial condition of borrowers and overly restrictive terms for not approving loans under the key pandemic relief plan.
By Matthew Heller | September 30, 2020
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Strings Attached: Guidelines for Seeking Coronavirus Relief Funds
Risk & Compliance

Strings Attached: Guidelines for Seeking Coronavirus Relief Funds

Businesses should be prepared to go through a rigorous process, and in some cases should expect to give up ownership stakes.
By Gene Kohut | April 13, 2020
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Fed Offers More Support for Loans, Corporate Debt
Risk & Compliance

Fed Offers More Support for Loans, Corporate Debt

The Fed's latest moves in response to the coronavirus crisis take it "well beyond the lender-of-last-resort functions it played" during the Great Recession.
By Matthew Heller | April 9, 2020
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