On June 15, 2020, the Federal Reserve’s Main Street Lending Program opened for Lender registration. This is the last administrative step prior to opening the program to business borrowers. A press release from the Federal Reserve Bank of Boston on the subject is here.
The Main Street Lending Program is designed to provide small and medium-sized businesses with access to commercial loans, at favorable terms, to address cash flow interruptions due to COVID-19.
Learn more in our COVID-19 Alert.