Funding Forward:
Understanding the Main Street Lending Program - Presented by Ami Kassar
(latest updates and
information)
As
the coronavirus pandemic continues to impact us, business owners and
entrepreneurs continue to be concerned about their business, employees, and customers—as
well as their families. We will discuss a lesser known stimulus driver, the
Main Street Lending Program (MSLP), as highlighted in the CaresAct. The MSLP
offers lending to small and medium-sized businesses that were in sound
financial condition before the COVID-19 pandemic. Unlike the PPP, MSLP is
intended to save businesses, not only employees.
PPP is a band-aid compared to this program that offers
qualified entrepreneurs loans between $500K and $200M for liquidity and growth
over the next few years. The loans have no personal guarantee - and are a
program that everyone should consider going forward.
While
smaller EO companies will not qualify, if you have a minimum of $500k EBITA,
you may qualify.
Ami will discuss the latest guidance as well as how you can gain access to
these loans including:
Program eligibility
New loan facility
Priority loan facility
Expanded loan facility
Comparative examples
Highlight key changes in the guidance
This webinar is part of an ongoing conversation curated by Multifunding to help
small to midsize businesses understand the most up-to-date information
impacting them so that they can have a successful outcome during this
challenging time.