Banking & Finance Law Report

Archives: Main Street Lending Program

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Main Street Lending Program terms updated

The U.S. Treasury Department’s Main Street Lending Program is expected to be up and running within days.  The program is intended to provide financing opportunities to small and medium–sized businesses. U.S. Treasury Secretary Steve Mnuchin announced details on the program on April 9, 2020 and updated the terms recently with a second set of FAQs. My colleagues Jack Beeler and Jack Meadows explain in this Porter Wright Law Alert.…

Main Street Lending Program

On April 9, 2020, U.S. Treasury Secretary Steve Mnuchin announced the details for a “Main Street Lending Program” intended to provide financing opportunities to small- and medium–sized businesses. Secretary Mnuchin said, “The Main Street Business Lending Program will make a significant difference for the 40,000 medium-sized businesses that employ 35 million Americans.”

My colleagues Jack Beeler, Jack Meadows and Cassandra Rice summarize the program and eligibility in this Law Alert.

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