Aggregated News From Investment Management Regulators

Federal Reserve extends termination date of Main Street Lending Program facilities to January 8, 2021 to allow more time to process and fund loans that were submitted to Main Street lender portal on or before December 14, 2020

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In order to allow more time to process and fund loans that were submitted to the Main Street lender portal on or before December 14, 2020, the Federal Reserve Board on Tuesday extended the termination date of the Main Street Lending Program facilities to January 8, 2021.

As described in new frequently asked questions and program term sheets, the extension is consistent with section 1005 of the Consolidated Appropriations Act and was also approved by the Secretary of the Treasury.

Main Street New Loan Facility Term Sheet (PDF)

Main Street Priority Loan Facility Term Sheet (PDF)

Main Street Expanded Loan Facility Term Sheet (PDF)

Nonprofit Organization New Loan Facility Term Sheet (PDF)

Nonprofit Organization Expanded Loan Facility Term Sheet (PDF)

Main Street Lending Program

This news item was originally published by the Federal Reserve Board (FRB US). For more information, please see the Source Link.

Regulator Information

Regulator Name: Federal Reserve System
Abbreviation: FRB US
Jurisdiction: United States

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