Overview of the Main Street Lending Program - a podcast by American Bankers Association
from 2020-05-01T23:15:02
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As part of its response to the global coronavirus pandemic, the Federal Reserve is launching a “Main Street Lending Program” to deliver up to $600 billion in credit to small and midsize firms. On a bonus episode of the ABA Banking Journal Podcast — sponsored by ProfitStars, a division of Jack Henry and Associates — two ABA experts provide an overview of the MSLP.
Among other topics, Hu Benton and Shaun Kern discuss:
- How MSLP, as a loan program with a degree of risk retention, differs from the Small Business Administration’s Paycheck Protection Program.
- This week’s changes to MSLP term sheets, including some advocated by ABA.
- Areas where ABA is recommending further changes, including on minimum loan sizes and on reference rate choice.
This episode is sponsored by ProfitStars, a division of Jack Henry and Associates.
Additional resources:
Further episodes of ABA Banking Journal Podcast
Further podcasts by American Bankers Association
Website of American Bankers Association