Navigating the Main Street Lending Program: Practical Considerations for Eligible Businesses Before Pursuing Relief

On April 9, the Federal Reserve announced the Main Street Lending Program to support the hundreds of thousands of small- to mid-sized businesses impacted by COVID-19. While the Main Street Program should benefit many businesses currently facing an economic crisis, you should carefully consider all of your alternatives before applying for these loans.

What the CARES Act Means for the Construction Sector

As construction executives grapple with the unprecedented impact COVID-19 will ultimately have on their businesses, a great deal of uncertainty remains. From a risk management perspective, the recent Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law on March 27, offers a glimpse at the future in terms of what relief will be available and opportunities for new projects in a post-coronavirus world.