By Nonprofit Practice Leaders
| August 10, 2020
Recently the Federal Reserve announced an expansion to its Main Street Lending Program (MSLP) to aid nonprofit organizations impacted by COVID-19. Though the application process is not yet open, organizations should begin forecasting anticipated cashflow needs to assess if this program could benefit them. Our latest blog posts outlines nonprofit eligibility requirements, loan terms and required covenants to make sure you can maximize the benefits of this program.