Welcome to the new Lien Solutions blog – insights and resources to help professionals reduce risk and shape the future of their business. You’ll find articles on thought leadership, practical tips, and an exchange of ideas that drive innovation and better outcomes.
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.
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.