The Federal Reserve will hold an informational session for lenders interested in learning about the Main Street Lending Program at 2 p.m. ET Monday, June 29.
The COVID-19 relief program was established as part of the CARES Act and is intended to aid small and medium-sized businesses that were in sound financial condition before the outbreak of the pandemic. However, the Federal Reserve has run into several challenges as it works to get the program started and open lending.
Those interested may review the updated program term sheets, FAQ, and forms and agreements. To register for the webinar, please visit this link.