Capital Purchase Program Term Sheet for S Corporations Released
The Treasury Department released today both a term sheet and answers to frequently asked questions of Subchapter S corporations applying to the Capital Purchase Program. The term sheet provides for a qualified financial institution definition applicable to Subchapter S corporations. The deadline for Subchapter S corporations to apply to the Capital Purchase Program is February 13, 2009. Click here for the Treasury Department's term sheet, and click here for answers to frequently asked questions.
