November 2, 2020 By Dmitriy Berkovich, CPA | COVID-19 Response Team From the Federal Reserve website: The Federal Reserve Board on Friday adjusted the terms of the Main Street Lending Program in two important ways to better target support to smaller businesses that employ millions of workers and are facing continued revenue shortfalls due to …
September 4, 2020 By Dmitriy Berkovich, CPA | COVID-19 Response Team From The Federal Reserve Announcement Today: The Federal Reserve Bank of Boston on Friday announced that the Main Street Lending Program is now fully operational and is accepting submissions of eligible loans to nonprofit organizations, submitted by registered lenders. The Federal Reserve encourages registered …
Now Open for Nonprofits: Main Street Lending Program Accepting Submissions Read More »
August 3, 2020 By Dmitriy Berkovich, CPA | COVID-19 Response Team The Federal Reserve Board on Tuesday announced an extension through December 31 of its lending facilities that were scheduled to expire on or around September 30. The three-month extension will facilitate planning by potential facility participants and provide certainty that the facilities will continue …
July 27, 2020 By Dmitriy Berkovich, CPA | COVID-19 Response Team From the Federal Reserve Board‘s announcement: The Federal Reserve Board on Friday modified the Main Street Lending Program to provide greater access to credit for nonprofit organizations such as educational institutions, hospitals, and social service organizations. As detailed in term sheets released last week, …
Monday, June 8, 2020 By Dmitriy Berkovich, CPA | COVID-19 Response Team In response to comments that the Main Street Lending Program was not responsive enough for many small businesses to be able to participate, the Federal Reserve Board has just announced meaningful expansions of the program. Per Federal Reserve Chair Jerome H. Powell, the …
Thursday, May 14, 2020 By Dmitriy Berkovich, CPA As a result of the Coronavirus Aid, Relief & Economic Security (CARES) Act, the Federal Reserve has created the Main Street Lending Program to provide a total of $600 billion in financing for small and medium-sized businesses. While the program’s start date has yet to be announced, …
NEW: AGP’s Crisis Cash Management Tool Wednesday, April 15, 2020 To those affected by COVID-19, The events that have unfolded over the last month continue to resonate and impact us in many ways. Our daily lives have been turned upside down, and normalcy, and daily routines have been redefined. However, what we have seen is …
Are You Managing Cash Strategically through COVID-19? Let’s Find Out. Read More »
