The Main Street Lending Program will expire on 12/31, and the program is currently closed for new applicants. In the new relief act, it would be helpful to reopen the Main Street Program for loans of $10 M or more,... (More)
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Congress needs to act. On one side of the coin, companies have been decimated by the Pandemic. On the other side, we need to ensure that growing companies have liquidity and incentives to hire.
While there are all kinds of... (More)
Yesterday, the Treasury Department sent a letter to the Federal Reserve requesting that funds be returned on December 31st for many of their emergency relief programs, including the Main Street Lending Program. This announcement created a political uproar.
I believe... (More)
Those who know me well know that it is hard to make me mad. This week, a bank we work with infuriated me. And I am still reeling.
A few weeks ago, the bank issued term sheets to two clients... (More)