FRB COVID-19 Email Update (April 15, 2020)

FRB Provided a Client Email Update on April 15, 2020 regarding the Main Street Lending Program, and the SBA PPP and EIDL loans. Please bear in mind that since this email was published, funding for the PPP and EILD programs has been depleted (although Congress is moving to add new funds to the programs. Please bear in mind that given the fast-moving nature of this COVID-19 pandemic, this information might otherwise be outdated.  The email update is available: here.

DISCLAIMER: This summary is not legal advice and does not create any attorney-client relationship. This summary does not provide a definitive legal opinion for any factual situation. Before the firm can provide legal advice or opinion to any person or entity, the specific facts at issue must be reviewed by the firm. Before an attorney-client relationship is formed, the firm must have a signed engagement letter with a client setting forth the Firm’s scope and terms of representation. The information contained herein is based upon the law at the time of publication.