Nearly three years into the pandemic, we can use the experience of these programs to understand what worked and be better prepared for the next health or financial crisis. … READ MORE >
Main Street Lending
Main Street Lending Program should be attractive to eligible family offices
As steady flows of management fees and profits interest start to attenuate, liquidity becomes more important to prevent the family office’s operations from slipping. As the economy slows and uncertainties linger, family offices that provide investment management services need to move beyond the Paycheck Protection Program and focus on the new Main Street Lending Program. … READ MORE >
Federal Reserve expands Main Street Lending Program: Changing market and financial structure for middle market firms
The Federal Reserve on Thursday updated the terms of its soon-to-be-launched Main Street Lending Program targeted at middle market companies, expanding eligibility for lending to a broader group. The Fed said businesses with annual revenues of up to $5 billion and staff of up to 15,000 employees may be eligible, up from a prior $2.5 billion in revenue, and 10,000 employees, respectively. The minimum loan size has been dropped to $500,000 from $1 million. … READ MORE >