- White Oak Commercial Finance Originates a Revolving Credit Facility to The Good Kitchen
- MidCap Business Credit Closes Revolving Line of Credit for Allied Dairy Products, Inc.
- Danimer Scientific Announces Improved Liquidity Position with Closing of $130 Million Senior Secured Term Loan
- Northpoint Commercial Finance Expands Product Offering with Launch of Asset Based Lending
- Republic Business Credit Funds $4.25 Million Asset-Based Loan for Food and Beverage Manufacturer
House/Senate Approve Next Round of Economic Stimulus
By SFNet
Last night the House and Senate approved a $900B next round of economic stimulus. The full text of the bill can be found here as well as a detailed summary. SFNet’s Advocacy Committee is reviewing the language and will hold an informative webinar as soon as practical in January. In the meantime, you may wish to consult your advisers. In addition to other broad reaching measures, the statute provides for:
- PPP extended through March 31, 2021
- CECL and TDR provisions potentially deferred until January 2022
- Additional allocations for EIDL Grants
- ERTC extended and expanded
- Rescission of emergency lending facilities, including MSLP, in their current form