- Cole Przybyla
Main Street Lending Program at the U.S. Federal Reserve System
The Main Street Lending Program is designed to provide support to small and medium-sized businesses and their employees across the United States during the current period of financial strain by supporting the provision of credit to such businesses. The availability of additional credit is intended to help companies that were in sound financial condition prior to the onset of the COVID-19 pandemic maintain their operations and payroll until conditions normalize. Small and medium-sized businesses are integral to the U.S. economy and create jobs for a large share of the U.S. workforce.
Applications are not being accepted as of June 5, 2020.
Once the Program is operational, small and medium-sized businesses interested in the Program can apply for Program loans by contacting an eligible lender. A description of eligible lenders can be found in the Program term sheets, attached below infographic.
Two Page PDF with more information:
Longer Main Street Lending Frequently Asked Questions Sheet:
Main Street Lending Term Sheet:
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