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The original item was published from 6/10/2020 11:51:00 AM to 6/12/2020 12:00:03 AM.

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Economic & Community Development News

Posted on: June 10, 2020

[ARCHIVED] Main St Lending Pgm for Small to Midsize Cos & PPP Update Conf. Call on Loan Forgiveness on June 11

Trumbull Economic Development

 June 11, 2020 at 1:00 pm EST

Join the U.S. Small Business Administration, U.S. Department of Commerce, U.S. Department of Treasury, and Federal Reserve for an update on the new Main Street Lending Program. This program provides support to eligible small and medium-sized businesses that are integral to the U.S. economy and create jobs for a large share of the U.S. workforce.

Using established lenders, Main Street will offer several types of five year term loans supported by the Federal Reserve and the Treasury Department, ranging in size from $250,000 to $300 million, with up to a two year deferral of principal.

The call will also include important new updates to the Paycheck Protection Program including new information about forgiveness.   Register Now!

Highlight: Learn about new loan programs that include up to 2 years of deferred principal payments

 Highlight: Learn About the New Forgiveness Guidance for the PPP loan program.

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