Main Street Lending Program of the Federal Reserve
The Federal Reserve today expanded the Main Street Lending Program to permit access for a broader range of 501(c)(3) and 501(c)(19) nonprofit organizations.
The Federal Reserve today unveiled an interactive state-by-state map listing lenders participating in the Main Street Lending Program that have chosen to be listed and are currently accepting applications from new customers.
The Federal Reserve announced that its Main Street Lending Program is fully operational as of today.
After officially opening the Main Street Lending Program for lender registration yesterday, Federal Reserve Chairman Jerome Powell said its corresponding Main Street Lending Facility will begin receiving MSLP loans “within a week or so.”
Lenders may now register for the Federal Reserve’s Main Street Lender Program, the Boston Fed announced today, adding that lenders “are encouraged to begin making Main Street program loans immediately.”
The Federal Reserve today announced several adjustments to the Main Street Lending Program intended to facilitate participation by more small and midsize businesses.
The Federal Reserve Bank of Boston today released several borrower and lender documents for the Fed’s Main Street Lending Program, which is expected to launch in the coming days.
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Top policymakers today said that they expect the Main Street Lending Program “to be up and running by the end of the month.”