Past Event: 6/30/2020
Partner & Chair of the French Desk at Sheppard Mullin
The Main Street Lending Program:
US Subsidiaries of Foreign Companies May Apply
FACC Senior Corporate Member
Tuesday, June 30th, 2020
2:00 pm - 3:00 pm EDT
Valérie Demont, Partner and Chair of the French Desk at Sheppard Mullin, discussed the nuances and finer points of the Main Street Lending Program to help US subsidiaries of foreign companies determine if they are eligible to apply.
The US Federal Reserve has confirmed in their Frequently Asked Questions (FAQ) document that US subsidiaries of foreign companies may be eligible borrowers as long as they meet certain conditions.
To learn more about the Main Street Lending Program, CLICK HERE.