Main Street Lending is the next set of federal emergency lending programs, but it's been somewhat overshadowed by PPP. We go through some different uses cases for the program, the controversy around SOFR, and how banks are trying to navigate all the complexity.
In this week's episode we explain our latest product: the PrecisionLender CARES Edition. Dallas Wells walks listeners through why we developed CARES Edition and how it helps bankers manage the unprecedented demand for federal emergency loan programs.
Discussing recent commercial line of credit utilization numbers. What's happening with them, and what do they tell us about how companies are faring right now?
How are current market conditions affecting the way banks are approaching commercial deposits? Will we another wave of "surge deposits," a la 2008? And what can deposit balances tell us about the current level of credit risk?