The Fed Releases Additional Guidance, Forms And Agreements For Main Street Lending Program
Vinson & Elkins – On May 27, 2020, the Federal Reserve Bank of Boston released additional guidance in the form of revised Frequently Asked Questions (“FAQs”), along with forms and agreements, on the Main Street Lending Program (available here). The Federal Reserve Bank of Boston will administer the program, which is designed to support small and medium-sized businesses by providing credit during the COVID-19 pandemic. The Main Street Lending Program includes the Main Street New Loan Facility, the Main Street Priority Loan Facility, and the Main Street Expanded Loan Facility.
