The Federal Reserve is establishing a Main Street Lending Program to support lending to small and medium-sized businesses that were in good financial standing before the onset of the COVID-19 pandemic, according to a news release.


The program will operate through two facilities: the Main Street New Loan Facility (MSNLF) and the Main Street Expanded Loan Facility (MSELF). Term sheets for each facility providing more information regarding eligibility and conditions can be found at https://www.federalreserve.gov and click on Main Street Lending Program.