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The Main Street Lending Program provides support to small and medium-sized businesses and employees across the U.S. 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 in sound financial conditions prior to the onset of the COVID-19 pandemic maintain 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.

Main Street Lending Program Overview

Find out how the Main Street Lending Program can help your business and employees. Click here for a program overview courtesy of the Federal Reserve of Boston.

Main Street Lending Program FAQs

Need some additional program information? Here are some answers to the most commonly asked questions about the Main Street Lending Program, provided by the ABA.

Looking For An Additional Resource?

The SBA's Paycheck Protection Program may help you with qualified business expenses. Find out more information about the program.

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What is it?

The program is designed to help credit flow to medium-sized and small businesses that were in good financial condition, but now need loans to help until they have recovered from, or adapted to, the impacts of the pandemic.

Loans originated under the program have several features that will help businesses facing challenges. The program offers 4-year loans, with floating rates, and principal and interest payments deferred during the first year to assist businesses facing temporary cash flow interruptions.

The loans range in size from $500,000 to $200 million - a wide range that may support a broad set of employers.


What it isn't.

Main Street loans are not grants and cannot be forgiven. The loans are underwritten and approved by eligible lenders.

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Interested businesses will work with an eligible lender to determine if they meet the program requirements, which are available online, as well as the lender’s own underwriting standards. The lender will determine whether a business is approved for a loan.

The Fed will participate in the lending by purchasing an 85 percent or 95 percent interest in the loan, depending on the facility. To assist a broad range of borrowers, the program will offer three different loan types, each with somewhat different characteristics.


Business Borrowers


Nonprofit Borrowers

*charts courtesy of the Federal Reserve Bank of Boston. http://www.bostonfed.org

Contact us today for more information on the Main Street Lending Program.