Webinar Replay: Main Street Lending Program: Is It Right For You – Opportunities, Terms an Eligibility
This webinar discussed the $600 billion Main Street Lending Program that offers loans to small to mid-sized businesses with fewer than 15,000 employees. Our specialists explored the program’s opportunities and details, including loan options and features, borrower eligibility criteria, key terms and conditions.
Topics discussed:
- Introduction to the various loan programs ─ the Main Street New Loan Facility, Main Street Priority Loan Facility and Main Street Expanded Loan Facility
- Borrower eligibility criteria and requirements, including credit quality
- Loan terms and conditions
- Impact on borrower’s existing capital structure
- Restrictions on borrower employee compensation, distributions and use of proceeds
- Application process, information and document request
- Update on Economic Injury Disaster Loans (EIDL)
- Status of the Nonprofit Organization New Loan Facility and the Nonprofit Organization Expanded Loan Facility
Featured Speakers and Hosts:
Marc Rinaldi, CPA, Partner, Financial Services Industry Practice Leader
Emily Berger, CFA, Director, Financial Services
Eric Gelb, CPA, Director, Financial Services
Recording here