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How Can The Main Street Lending Program Help Your Business?

CSC Advisors

If your business is struggling during the ongoing pandemic, you still have options for economic relief. The reserve put aside $600 billion of business aid in the Coronavirus Aid, Relief and Economic Security (CARES) Act to assist the businesses that were financially sound before the impact of the pandemic negatively affected their finances.

article thumbnail

How Can the Main Street Lending Program Help Your Business?

CSC Advisors

If your business is struggling during the ongoing pandemic, you still have options for economic relief. The reserve put aside $600 billion of business aid in the Coronavirus Aid, Relief and Economic Security (CARES) Act to assist the businesses that were financially sound before the impact of the pandemic negatively affected their finances.

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TD Bank Creates New Commercial Bank From Combined Services

PYMNTS

Previously, TD Bank’s Commercial division handled middle-market, community and small business lending, along with deposits, treasury management and point-of-sale (POS) solutions, the release stated. The commercial bank already had experience in restaurant franchises, nonprofits, medical and dental practices and U.S.

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Using Debit Cards To Bridge The Stimulus Accessibility Gap

PYMNTS

Department of the Treasury and IRS are switching gears to provide consumers with stimulus funds via prepaid debit cards rather than physical checks. Deep Dive: Why The Treasury Switched To Debit Card-Based Stimulus Payments. Around The Next-Gen Debit World. Find the full story in the Tracker. More than 45 percent of U.S.

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Federal Reserve Expands Lending Program For SMBs

PYMNTS

Supporting small- and mid-sized businesses so they are ready to reopen and rehire workers will help foster a broad-based economic recovery,” said Federal Reserve Chairman Jerome Powell in a statement. “I Treasury Secretary Steven Mnuchin. The Main Street Lending Program was established with the approval of the U.S.

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Fed Adjusts Main Street Lending Terms To Help Small Businesses

PYMNTS

The Fed and Department of the Treasury also reaffirmed that up to $2 million in Paycheck Protection Program loans can be excluded when calculating the maximum loan size under the Main Street Lending Program. The minimum employment requirement for nonprofits was lowered to 10 from 50, and limits were relaxed for funds coming from donations.

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CFO Leadership Council Highlights Our First 10 DEI Ascend Honorees

CFO Leadership

She also led the Treasury Tax initiative at Google. She has extensive public speaking, general finance, capital markets, treasury, and tax experience. Denye received the National Nonprofit Controller of the Year Award in 2020 and is the Co-Founder of the National Society of Black CPA’s. in Economics from UCLA and M.B.A.