The Main Street Lending Program is next in the Federal Reserve’s efforts to provide capital to businesses. The Main Street Lending Program was designed to support small and medium-sized businesses that are unable to access the Paycheck Protection Program (PPP) or that require additional financial support after receiving a PPP loan.

On May 27, 2020, the Federal Reserve published the necessary legal forms and agreements for borrowers and lenders participating in the Main Street Lending Program. The Federal Reserve also released additional FAQs on the three Main Street Lending Program facilities.  The three facilities are the Main Street Priority Loan Facility (“MSPLF”), the Main Street New Loan Facility (“MSNLF”) and the Main Street Expanded Loan Facility (“MSELF”).

So which loan may be right for you? 

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