Webinar, "Main Street Lending Program"

May 1 - June 2, 2020


Due to delays in the Fed releasing expected new regulations, we are postponing this webinar. As soon as the information is made available, we will announce a new date.


Thank you to our webinar sponsor

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Description

The Main Street Lending Program makes $600 billion available for loans to companies employing up to 10,000 workers or having up to $2.5 billion in 2019 annual revenues. Through two facilities, the “Main Street New Loan Facility” (MSNLF) will provide for newly originated loans to eligible businesses, while a second facility, the Main Street Expanded Loan Facility (MSELF), will allow companies to upsize existing loans. Unlike loans under the Small Business Administration’s (SBA’s) Paycheck Protection Program (PPP), loans under the Main Street Lending Program will not be eligible for full or partial forgiveness. Businesses will apply for loans under the Main Street Lending Programs through U.S. insured depository institutions, U.S. bank holding companies, and U.S. savings and loan holding companies.

From the perspective of the lending community, our discussion will center around the following subjects:

  • Loans Features including Term; Deferment Period; Rates; and Prepayment.
  • Loan Conditions and Borrowers Restrictions
  • Loan Fees and Collateral Coverage
  • Recommendations on integrating a potentially eligible Borrower’s pre-existing and future secured loans into the Program.
  • Guidelines for allowing potentially eligible Lenders to participate in the Program facilities or restrict their participation.
  • The pros/cons to existing lenders on a customers interested in taking advantage of the Program.

Discussion Moderator:
Staci Rosche, McGuireWoods

Registration fees are waived for SFNet members. However, if you would like to support our continuing efforts to bring timely, relevant information to our network, you will find an option to pay $50 in the registration window

Registration

Please note: registration ends at 10:00 a.m. ET on the day of the webinar. To register after the cutoff, contact Nora Walls at nwalls@sfnet.com.

Member Price: $0

Non-Member Price: $95

Register