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Summary of the Federal Reserve Main Street Lending Program (UPDATED) | JD Supra

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By Sarah Gelb, Sarah Kupferman, Shannon Footer
| JD Supra
The Federal Reserve Bank (the “Fed”) and the U.S. Department of the Treasury (the “Treasury”) announced preliminary details for the Main Street Lending Program (the “MSLP”) on April 9, 2020. Additional details and guidance as well as updated terms were subsequently provided by the Fed on April 30, 2020, on May 27, 2020 and on June 8, 2020. Under the MSLP, three new loan facilities (the “Facilities”) will be created that will enable lending to small and medium-sized businesses by eligible lenders.
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