The Federal Reserve Bank of Boston recently established the Main Street Lending Program (MSLP) in support of small- and mid-sized businesses and is now fully operational. Understand what this program means for lenders and borrowers. Authored by Eileen Sethna and Emily Watson
Experts in the architecture, engineering, and contractor (A/E/C) advisory community were asked by LP to weigh in on the current state of the M&A market for A/E/C firms. Their insights are valuable to any owner of an A/E/C firm looking to sell their firm or consolidate their firm’s operations with a strategic partner during and after the COVID-19 pandemic. Read their view of the challenges and considerations in the current environment. Authored by David Solomon
While COVID-19 may dominate many of your current business decisions, it’s important to remain diligent in other aspects of your brand. The Supreme Court recently ruled that generic terms in combination with domain name endings can be protectable trademarks. Trademark registrations are important business assets and if you’re looking to strengthen your brand’s equity, now is a good time to act. Consider what this ruling means for your business. Authored by Paula Krasny
3+. Yesterday the SBA released a list of all 660,000 borrowers of more than $150,000 of PPP funds. The list is viewable in its totality or by state. According to the SBA, 86.5 percent of all PPP loans were for less than $150,000, so the list represents only a small subset of businesses that utilized the program. Based on the data provided, the government issued $521 billion in loans, with an average loan size of $107,000, helping to support approximately 51 million jobs equating to 84 percent of all employees working at small businesses. Approximately $130 billion remains in the PPP and will remain available for disbursement subject to the extended application deadline of August 8 (outlined in yesterday’s Daily Three). Authored by Emily Watson
For more resources and LP's response to COVID-19, visit this webpage.