- Gordon Brothers Expands Capital Base to Over $1 Billion with New CPP Investments Financing
- White Oak Commercial Finance Originates a Revolving Credit Facility to The Good Kitchen
- Cesar Gonzalez Named Head of Operations for Wells Fargo Commercial Banking
- Monroe Capital Provides $120 Million Senior Credit Facility to Infusion Therapy Business
- Siena Lending Group LLC Announces the Closing of a $35.0 Million Revolving Credit Facility for A Nutritional Supplement And Body Care Company
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
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