The U.S. Federal Reserve Bank today released a set of “frequently asked questions” (FAQs) concerning the “Main Street” lending program as established to address the economic impact of the coronavirus (COVID-19) pandemic on small and medium-size businesses.
The “Main Street” lending program is established by funds appropriated by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) (Pub. L. No. 116-136).
Read the Federal Reserve FAQs [PDF 315 KB]
Today’s guidance items allow for:
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