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Home > ABA Banking Journal Podcast > Overview of the Main Street Lending Program
Podcast: ABA Banking Journal Podcast
Episode:

Overview of the Main Street Lending Program
Category: Business
Duration: 00:17:36
Publish Date: 2020-05-01 18:15:02
Description:

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.

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