Johnson & Bell Shareholder, Mark D. Belongia, who regularly works with family and privately held companies, reports that the Federal Reserve has finally released a term sheet for its Main Street New Loan Facility targeting small to mid-size companies with up to 10,000 employees. The Fed will be backstopping lenders up to 95% on loans up to $25 million. You can download the term sheet here. If you have any questions about the Main Street New Loan Facility and how it applies to your business, please contact Mark D. Belongia.
Also, check out The Docket, a compilation of developments about the courts in Illinois and Indiana, initiatives aimed at helping business and the economy, and general news of interest to our clients and friends of the firm.
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