On April 9, the U.S. Federal Reserve and the Treasury released preliminary details of a new Main Street Lending Program contemplated by the CARES Act, that will allow for up to $600 billion in financing to eligible businesses with up to 10,000 employees or up to $2.5 billion in 2019 revenues. The Alert can be found here.
Client Alert: Federal Reserve and Treasury Department Announce Preliminary Details on New “Main Street” Lending Program – April 11, 2020
