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Fed Unveils Main Street Lending Program As Businesses Continue to Look for Support

    • Additional loan facility aims to support businesses who did not receive PPP funding
    • Different loans will be made to businesses up to 15,000 employees, $5 billion in revenue
    • Program is backed by Federal Reserve and was created by the CARES
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HHS Implements Rigorous Reporting Requirements for Healthcare Providers That Received CARES Funding

    • Recipients of Provider Relief Funds required to file reports quarterly, beginning June 30
    • Healthcare providers rapidly approaching May 24th deadline to accept funds and T&Cs
    • If lost revenues or COVID-19 expenses are less than funds received, HHS set to claw
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