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CARES Act Main Street Loan Facilities Now In Place
Category: Banking, Coronavirus (COVID-19)
Under the Coronavirus Aid, Relief and Economic Security Act (CARES Act), the Federal Reserve System was given the discretion to create a Main Street Lending Program to support small and mid-sized businesses. On Thursday, April 9, 2020, the Federal Reserve released the terms of the Main Street New…
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COVID-19 UPDATE: SBA Issues Updated Lender and Borrower PPP FAQs
Category: Banking, Business, Coronavirus (COVID-19)
The Paycheck Protection Program (the “PPP”) established under the Coronavirus Aid, Relief and Economic Security (CARES) Act authorizes up to $349 billion in forgivable loans to small businesses to pay their employees during the COVID-19 crisis. We have published information on PPP here. The U.S…
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CARES Act – Large Enough to Help Medium-sized Businesses
Category: Banking, Business, Coronavirus (COVID-19)
A lot of attention has surrounded the relief provided to individuals and small businesses under the Coronavirus Aid, Relief and Economic Security Act (CARES Act) signed by the president on March 27, 2020. But medium-sized businesses are also eligible for relief under the CARES Act. Title IV of the…
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Businesses Have COVID-19 Worries; These Resources Can Help
Category: Banking, Business, Coronavirus (COVID-19), Employment
With numerous measures now in place at the federal, state and local levels, the following are some of the latest resources available to walk businesses through the relief programs enacted, including under the Coronavirus Aid, Relief and Economic Security Act ("CARES Act"). Financial Assistance…
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Businesses Have COVID-19 Worries; These Resources Can Help
Category: Banking, Business, Coronavirus (COVID-19), Employment
With numerous measures now in place at the federal, state and local levels, the following are some of the latest resources available to walk businesses through the relief programs enacted, including under the Coronavirus Aid, Relief and Economic Security Act ("CARES Act"). Financial Assistance…
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