Tag: business loan

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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PPP Borrowers: Five Steps
Five Things PPP Borrowers Need to Do Now

Borrowers of PPP loans should consider taking the following steps to maximize the amount and…

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Simplified Paycheck Protection Loan Forgiveness
Paycheck Protection Program Loan Forgiveness Simplified

Many small and midsize businesses with Paycheck Protection Program (PPP) loans under the CARES Act…

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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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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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CARES Act Deductions for PPP Expenditures
IRS Clarifies Tax Deduction Eligibility for PPP Expenditures

IRS issued guidance regarding the deductibility for federal income tax purposes of certain otherwise deductible…

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Federal Relief Programs for Businesses
Summary of Federal Relief Available to Businesses of All Sizes

Federal relief available to small, mid-size and large businesses due to COVID-19, including the CARES…

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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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