Webinar Explains Main Street Lending Programs

Retailers can learn about the three different programs available to small businesses.

May 06, 2020

ALEXANDRIA, Va.—Are you confused about the Main Street Lending Program run by the Federal Reserve? Then join NACS for “Changes to, and Preparing for the Main Street Lending Programs,” a free webinar this Thursday, May 7, at 2 p.m. ET.

Part of the CARES Act recently passed by Congress, the Main Street Lending Programs provide liquidity measures specifically for mid-size businesses. The Fed expanded eligibility for the program, now allowing businesses with as many as 15,000 employees and assets up to $5 billion to apply.

More importantly for smaller businesses, the Fed lowered the minimum loan size for some of the programs to $500,000. While the Fed hasn’t given a firm start date, NACS urges retailers to attend this webinar to learn what the three different programs are and what the mechanics of those programs will look like so that they can be ready when the start date arrives.

Matthew Kulkin, partner in the law firm Steptoe & Johnson, will walk participants through these important new programs.

This webinar has already taken place. Click here to watch the recording.