- Cesar Gonzalez Named Head of Operations for Wells Fargo Commercial Banking
- Secured Finance Foundation Establishes Scholarship and Diversity Committee and Launches Guest Lecture Program
- Next Frontier in Lending: High Net-Worth Lending
- TAB Bank Completes $46 Million Acquisition of BAMFi’s BAM Capital Division
- Sallyport Announces $7,000,000 Accounts Receivable Finance Supporting Acquisition
House/Senate Approve Next Round of Economic Stimulus
By SFNet
Last night the House and Senate approved a $900B next round of economic stimulus. The full text of the bill can be found here as well as a detailed summary. SFNet’s Advocacy Committee is reviewing the language and will hold an informative webinar as soon as practical in January. In the meantime, you may wish to consult your advisers. In addition to other broad reaching measures, the statute provides for:
- PPP extended through March 31, 2021
- CECL and TDR provisions potentially deferred until January 2022
- Additional allocations for EIDL Grants
- ERTC extended and expanded
- Rescission of emergency lending facilities, including MSLP, in their current form
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