Fisher Phillips Partner Sheds Light on The Main Street Lending Program
The Federal Reserve recently launched its $600 billion Main Street Lending Program, part of the national relief package for loans and bonds in response to COVID-19. Patrick Dennison spoke with the Charlotte Business Journal about why businesses may not be so quick to participate in the program. He says the MSLP loan terms are not as attractive, especially considering the lack of forgiveness. However, Patrick says, this could change if the economy continues to decline.
To read the full article, visit the Charlotte Business Journal (subscription required).