Main Street Lending Program Offers Liquidity With LimitsMay 7, 2020 – Media Mention
Eric Perlmutter-Gumbiner, counsel in Greenberg Glsuker's Corporate, Finance & Securities department, offered his insights to Law360 regarding the Federal Reserve's Main Street Lending Program and its impact on businesses in the current climate.
In effect, the Fed program could serve as a Plan B for companies that were not eligible for the PPP and have difficulty raising funding through traditional capital markets right now.
"You could definitely look at this as something valuable for larger companies that are not public companies but would have a hard time accessing capital markets," Greenberg Glusker LLP counsel Eric Perlmutter-Gumbiner said.
Perlmutter-Gumbiner added there are limits regarding whom banks will deem qualified for the loans, a point echoed by other experts.
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