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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)
The Federal Reserve released its detailed monthly data report yesterday on the Main Street Lending Program. The overall results are beyond disappointing: with just over $4.1 B of the $600 B available in the program lent out. Four hundred twenty... (More)
In a silly move this morning, the Federal Reserve lowered the minimum amount that small businesses can apply for a Main Street Loan to $100,000 from $250,000. While this might be nice political optics, as there are no other relief... (More)
