Posts by The MFA Companies®

FFCRA Reporting
Employer Reporting for Qualified Sick and Family Leave Wages Paid Under FFCRA

Employers are required to report the amount of qualified sick leave wages and qualified family…

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Main Street Lending Updates
Main Street Lending Program Updates, Compensation Restrictions

The Main Street Lending Program will now begin purchases of 95% participation stakes in eligible…

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Dallas City Skyline
Main Street Lending Program Opening, Terms for Nonprofits Released

The Federal Reserve Bank of Boston announced that the Main Street Lending Program is OPEN…

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Control Environment Evolution
Evolution of Your Control Environment During a Pandemic

Current uncertainty continues to evolve, making it difficult for organizations to evaluate the impact on…

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Main Street Lending Program
Expansion of the Main Street Lending Program

The Federal Reserve released revised term sheets for its Main Street Lending Program (MSLP), ahead…

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Business Landscape
New ‘Main Street’ Loan Instructions Set Stage for Program’s Opening

The Federal Reserve Bank of Boston released updated guidance on the Main Street Lending Program…

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Main Street Lending Program
New Federal Reserve Guidance for the Main Street Lending Program

The Federal Reserve has issued further guidance and eligibility requirements surrounding its Main Street Lending…

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ESOP Financing
ESOP Financing During a Market Downturn

As the popularity of using an Employee Stock Ownership Plan (ESOP) as a liquidity and…

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Paycheck Protection Program
PPP Loans: Updates, Insights & Planning Ideas

In anticipation of impending loan forgiveness guidance, we thought this would be a good time…

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Defer Employment Tax with PPP Loan
Employers Can Defer Employment Tax Deposits Until PPP Loan is Forgiven

Under the CARES Act, employers of all sizes (including tax exempt/non-profit employers) can defer the…

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