Loading Events
This event has passed.

Unpacking the Main Street Lending Program

August 19 @ 1:00 pm - 2:00 pm

The Main Street Lending Program is run by the Federal Reserve System to support small and medium-sized businesses and non-profit employers impacted by the COVID-19 pandemic.

The program makes available $600 billion in loan facilities to employers, who must have been in good financial standing prior to the onset of the COVID-19 crisis. To encourage banks to lend, the Federal Reserve will buy 95% of new or existing loans to qualified employers, while the issuing bank will keep 5% to discourage irresponsible lending. In exchange for the loan, employers must make reasonable efforts to maintain payroll and retain workers.

Join M&A Source in welcoming Michael Levy and Alon Harnoy as they unpack the Federal Reserve’s $600 billion Main Street Lending Program (MSLP).

The MSLP is intended to provide loan facilities to businesses with fewer than 15,000 employees or 2019 annual revenues of $5 billion or less. Each MSLP loan type provides a different maximum loan size, but all three provide a five year, low-cost lifeline with deferred principal payments for two years and deferred interest payments for one year.

During the webinar, we will discuss the basics, including:

• The loan types: Main Street New Loan Facility, Main Street Priority Loan Facility and Main Street Expanded Loan Facility
• The latest rules and regulations
• Who is eligible for the Main Street Lending Program
• How to apply for the program

We will also dig into strategy about how mid-sized businesses can use these loans to boost their balance sheets and cash flow, so they are ready for the upturn.

Sign Up for Free

Michael Levy

Michael Levy, CPA
Aprio – Partner-in-Charge, Private Equity and Transaction Advisory Services

Michael is the partner responsible for the firm’s Private Equity and Transaction Advisory Services practice. Michael has over 25 years of audit and merger, acquisition, and divestiture due diligence and structuring experience. Prior to joining Aprio, Michael was a member of PricewaterhouseCoopers’ and Deloitte’s Transaction Services groups and Arthur Andersen’s audit practice.

Alon Harnoy

Alon Harnoy
Partner in the Corporate Practice of Smith, Gambrell & Russell, LLP

Alon has extensive experience in domestic and international transactions across a wide range of industries, and his practice focuses on mergers and acquisitions, joint ventures, securities and corporate finance, capital markets, private fund formation, and fund compliance, as well as general corporate and commercial matters.

Sign Up for Free


August 19
1:00 pm - 2:00 pm
Event Category: