The Federal Reserve established the Main Street Lending Program (Program) to support lending to small and medium-sized businesses and nonprofit organizations that were in sound financial condition before the onset of the COVID-19 pandemic. The presentation below focuses details, eligibility, and required documents regarding for-profit businesses.
Three different loan programs have been designed for the for-profit business — Main Street New Loan Facility (MSNLF), the Main Street Priority Loan Facility (MSPLF), and the Main Street Expanded Loan Facility (MSELF). You can access the terms of each loan by clicking on their individual names.
Updates to the Main Street Lending Program can be found on the Federal Reserve website. Please see below for the most recently updated set of FAQs, as of July, 31, 2020.
The information in this post was derived from:
The Federal Reserve (the link below and links therein)
https://www.federalreserve.gov/monetarypolicy/mainstreetlending.htm
