The Main Street Lending Program was the Federal Reserve’s most direct intervention in the bank loan market since in the 1930s and 1940s … READ MORE >
Main Street Lending Program
Comment: Treasury Department moves to end select pandemic-era lending programs
The Treasury Department told the Federal Reserve on Thursday that it would not extend nine of the 13 liquidity and lending programs aimed at easing the effects of the pandemic. … READ MORE >
Federal Reserve eases Main Street Lending Program terms to encourage participation
The Federal Reserve on Friday announced changes to its Main Street Lending Program intended to make financing more readily available to small and medium-size businesses struggling amid a resurgence of the coronavirus. … READ MORE >
Small and medium size firms in crisis: A message from the real economy
The condition of small and medium-size firms implies a potential inflection point in the nascent economic rebound following the near shutdown of the economy last spring. Without further reform and support of the signature Paycheck Protection Program (PPP)—which provided a vital lifeline to those firms during the worst of the pandemic—there will be an increase in bankruptcies, followed by another round of job losses, this time tilted toward the permanent elimination of jobs that support the bulk of the American middle and working classes. … READ MORE >
Fintechs helped with the Paycheck Protection Program. Why not the Main Street Lending Program?
Fintechs played an important role in helping the Paycheck Protection Program gain broad acceptance. Now, fintechs could do the same in the Main Street Lending Program — if, that is, the government makes some prudent changes to the program. … READ MORE >
RSM’s exclusive MMBI survey reveals how the Main Street Lending Program can be improved
RSM’s survey for its proprietary Middle Market Business Index for July suggested that the Main Street Lending Program could gain broader participation with targeted changes and greater clarity about the program. … READ MORE >
Without adjustments, Main Street Lending Program is unlikely to be mainstream
Unlike the strong demand for the Paycheck Protection Program, which saw $350 billion in aid snatched up in the 13 days following its debut, interest in the Main Street Lending Program has been more muted; less than $100 million in aid was requested in the program’s first month, according to data from the Federal Reserve. … READ MORE >
RSM’s Joe Brusuelas decodes the Fed’s new Main Street Lending Program
The Federal Reserve launched a new program on Monday to provide bridge financing to midsize firms that have been hurt by the COVID-19 pandemic. … READ MORE >
Federal Reserve expands scope of Main Street Lending Program
With the Main Street Lending Program likely to be launched in the coming days, the Federal Reserve has once again announced updates that expand the scope of the program. … READ MORE >
Main Street Lending Program details released; program expected to start soon
The Federal Reserve took an important step toward the launch of the long-awaited Main Street Lending Program with the release of details about how the program will work. … READ MORE >