Fed: Main Street Lending Program Is Fully Operational

The Federal Reserve announced that its Main Street Lending Program is fully operational as of today. Institutions participating in the MSLP may now submit qualifying loans for the Fed to purchase. The Fed will buy up to 95% of each loan submitted.

The Fed also said it will publish in the coming days a state-by-state listing of lenders accepting new business customers under the MSLP that elect to be listed.