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.

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