Overview

Action Item

The Main Street New Loan Facility (MSNLF) and the Main Street Expanded Loan Facility (MSELF) are intended to facilitate lending to small and medium size businesses. MSNLF loans are unsecured term loans originated on or after April 8, 2020, while MSELF loans are provided as upsized tranches of existing loans originated before April 8, 2020. The combined size of the program will be up to $600 billion.

To view a summary of the principal terms of the MSNLF and MSELF programs, reflecting guidance available as of April 9, 2020, visit: Summary of Main Street Lending Programs Principle Terms. Note these terms are subject to additional guidance and change.

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We have been on the forefront of dealing with COVID-19 for our clients. Please contact us if you would like to discuss any of these issues or if we can otherwise be of assistance.

COVID-19 Resources

We recommend you evaluate the following pandemic-related business and legal considerations that we have been discussing with our clients:

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