An annual review of the Federal Reserve’s Main Street Lending Program — created with other programs to ensure credit availability amid the COVID-19 pandemic — has seen 70% of the 1,830 loans made fully repaid, with […]
Credit market risks have remained low in sectors targeted by lending programs set up by the Federal Reserve in response to the coronavirus crisis, although some risks remain, and the loans themselves have generally performed […]
The day after record third-quarter real gross domestic product (GDP) statistics were released showing 33.1% growth, the Federal Reserve Friday said it was lowering the minimum threshold for loans offered through its Main Street Lending […]
Respondents to a September survey regarding banks’ experiences with the Main Street Lending Program (MSLP), created as part of the Federal Reserve’s response to the COVID-19 pandemic, said they expected to see a rise in […]
The “Main Street Lending” (MSL) program has attracted involvement from financial institutions representing more than half of all banking assets – but fewer than 600 banks total – and has so far issued loans amounting […]
Lender underwriting should look back to a borrower’s pre-pandemic condition and forward to post-pandemic condition, according to revised frequently asked questions (FAQs) addressing the Main Street Lending Program issued Friday by the Federal Reserve. In […]
Nonprofit organizations such as educational institutions, hospitals, and social service organizations will have more access to credit through the Federal Reserve’s Main Street Lending Program (MSLP) as a result of modifications that added two new […]
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