This event took place before the Federal Reserve’s announcement to modify the program to provide greater access to credit for nonprofit organizations such as educational institutions, hospitals, and social service organizations. For the most up-to-date information visit bostonfed.org/mslp.

The webinar is an opportunity for internal and external legal counsel to learn about the Main Street Lending Program’s legal documentation and to ask questions about the program to attorneys from the Federal Reserve.  The session will discuss, among other things, the various legal documents associated with the program, factors relevant to a true sale analysis, and key issues raised by the certifications.

The Main Street Lending Program is designed to support small and medium-sized U.S. businesses and their employees during this period of financial strain by giving these businesses access to additional credit. The program is intended to help businesses that were in sound financial condition prior to the onset of the COVID-19 pandemic maintain operations until conditions normalize. Small and medium-sized businesses are integral to the U.S. economy and create jobs for a large share of the U.S. workforce.

Interested participants are encouraged to review the updated program term sheets, frequently asked questions and forms and agreements.