On June 15, 2020, the Federal Reserve launched the highly anticipated Main Street Lending Program by announcing that the program is open for lender registration and encouraged lenders to begin making program loans to small and medium-sized businesses immediately. Participation by the Federal Reserve is expected to begin “soon.” This follows the release of updated forms of many of the documents that establish the legal architecture of the program. These updates reflect the latest terms of the program released on June 8, 2020.
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