WASHINGTON – June 15, 2020 – Guidehouse has been awarded a contract by the Federal Reserve Bank of Boston to provide asset purchase intake and due diligence, as well as credit administration services, for the Main Street Lending program.
The Federal Reserve’s Main Street Lending program provides business loans to help small and medium sized companies through the COVID-19 pandemic. The program is designed to help credit flow to small and medium-sized businesses that were in sound financial condition prior to the COVID-19 pandemic but now face cash flow interruptions.
“Guidehouse is honored to be able to assist the Federal Reserve in its program to support small and mid-sized businesses through this pandemic” said Scott McIntyre, Chairman and Chief Executive Officer at Guidehouse.
“Small and medium-sized businesses are a vital part of the economy, and we look forward to our work in helping the country through this next step in stabilizing our economy and fostering a broad-based economic recovery” added William Lewis, Partner and Guidehouse Public Sector Financial Services leader.
Guidehouse, working in partnership with PwC, (“Team Guidehouse-PwC”) was selected for this role after an evaluation of proposals which considered technical and operational capabilities, the ability to deliver a control environment across an integrated solution, and technical expertise needed to execute the services.
Guidehouse is a leading global provider of consulting services to the public and commercial markets with broad capabilities in management, technology, and risk consulting. We help clients address their toughest challenges with a focus on markets and clients facing transformational change, technology-driven innovation, and significant regulatory pressure. Across a range of advisory, consulting, outsourcing, and technology/analytics services, we help clients create scalable, innovative solutions that prepare them for future growth and success. Headquartered in Washington, D.C., the company has more than 7,000 professionals in more than 50 locations. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit www.guidehouse.com.