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The Federal Reserve is establishing a Main Street Lending Program that will provide 4-year loans to small and medium-sized companies with up to 15,000 employees or revenues of less than $5 billion and that were in good financial standing before the COVID-19 pandemic.
Please join Harter Secrest & Emery Attorney Emily R.L. Cohen and KeyBank Senior Vice President Jeffrey Morse for an overview of the program. In addition to providing practical tips and considerations for the application process, Emily and Jeff will address, among other things:
- Eligibility requirements
- Calculating loan amounts
- Covenants required by the bank