August 2020 - Lien Solutions

Search and file to comply with Main Street Lending Program

Written by Lien Solutions
Date August 2020

The Main Street Lending Program (MSLP) is available until September 30, 2020, for businesses impacted by the COVID-19 pandemic. The Federal Reserve program is designed to help businesses with their capital needs to weather the challenges posed by the pandemic recovery. Due diligence and public records filings play an essential role as businesses take on additional debt through government programs during economic difficulties.

 

Main Street Lending Program: A lender’s perspective

Written by Lien Solutions
Date August 2020

As we learn more about COVID-19 and its impact on individuals and businesses across the country, it’s clear the novel coronavirus is more than just a health crisis. Unfortunately, the pandemic has also created significant economic disruption for many industries and sectors, impacting organizations that are integral to the economy. Recognizing the challenges small- and medium-sized businesses face obtaining credit in this environment, the Federal Reserve (“Fed”) created the Main Street Lending Program.