Posts by Michael Levy
Federal Reserve Updates Main Street FAQs
On August 24th, 2020, the Federal Reserve Bank of Boston amended both the for-profit and nonprofit organization Main Street Lending Program through issuance of the updated FAQs. Specifically, the Fed provided additional clarity on the use of collateral as part of Main Street loans. This update describes when Eligible Borrower financial information should be provided by…
Read MoreHow to Navigate an M&A Transaction with a PPP Loan
As the reality of the pandemic and its longevity begins to sink in for American business owners, many are realizing that they can’t put their companies’ futures on hold forever. For some, this means moving forward with potential mergers and acquisitions. In light of the various relief programs offered to companies, namely the PPP loan,…
Read MorePrivate Equity Webinar Series Session 5: Gone Phishing – Cybersecurity in the Age of Teleworking
Email phishing attacks are the #1 cyber threat to businesses, and teleworking increases vulnerabilities to these attacks exponentially. Watch the Aprio Private Equity webinar, Gone Phishing: Cybersecurity in the Age of Teleworking, as our panelists discuss how private equity firms can address risk management in the era of COVID-19. Panelists discuss the current state of…
Read MoreFederal Reserve Announces MSLP is fully operational and SPV is ready to purchase participations in eligible loans
On July 15, 2020, the Federal Reserve (the Fed) announced that the Main Street Lending Program (MSLP) is fully operational now for-profit businesses as the special purpose vehicle (SPV) is ready to purchase a 95% participation in eligible loans that are submitted to the program by registered lenders. The Fed provided further guidance through an…
Read MoreWebinar: Breaking Down the Main Street Lending Program: Get Guidance and Answers
Watch the webinar now as our panelists break down the latest guidance and answer your questions on the Main Street Lending Program. The MSLP is designed to provide support to small and medium-sized businesses and their employees during the current period of financial strain by supporting the provision of credit to eligible businesses. The availability…
Read MoreNew Guidance from the Federal Reserve Expands Eligibility for the Main Street Lending Program
The Federal Reserve announced new guidance on Thursday, April 30, 2020, that expanded the reach of the Main Street Lending Program, one of the many new programs established to help American businesses survive the pandemic. In the news release, the Federal Reserve expanded eligibility requirements and lowered minimum loan sizes in an effort to extend…
Read MoreWebinar: Unpacking the Main Street Lending Program for Mid-Sized Businesses
Watch the on-demand webinar now as our expert panelists unpack the Federal Reserve’s new $600 billion Main Street Lending Program. The Main Street Lending Program is designed to provide access to capital due to disruptions caused by the coronavirus pandemic in the form of four-year loans to businesses employing up to 10,000 employees or with…
Read MorePrivate Equity Webinar Series – COVID-19 Reset Strategies
Announcing a new Aprio webinar seriesCOVID-19 Private Equity Reset:Creating Value in a New World Hit the reset button. We are in a new normal − what worked before COVID-19 will not work going forward. Join Aprio’s Private Equity thought leaders for a summer webinar series entitled COVID-19 Private Equity Reset: Creating Value in a New…
Read MoreAprio’s FAQ on the Main Street Lending Program
Aprio’s FAQ on the Main Street Lending Program from the webinar Unpacking the New Main Street Lending Program Loans and Expanded Eligibility Requirements. May 29, 2020 If we received a PPP loan, why would we consider this Main Street Loan? The Main Street Loan is an additional source of capital to help businesses fund ongoing…
Read MoreWho Benefits from the Fed’s $600 Billion Direct-Lending Program?
On April 9, 2020, the Federal Reserve announced the creation of a new lending program to help mid-sized businesses access capital due to disruptions caused by the coronavirus pandemic. The Fed will make up to $600 billion in loans available through the Main Street Lending Program (MSLP), which consists of two different emergency-lending facilities, the…
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