For Lenders: Main Street Lending Program Drop-in Session
This event took place before the Federal Reserve’s announcement to modify the program to provide greater access to credit for nonprofit organizations such as educational institutions, hospitals, and social service organizations. For the most up-to-date information visit bostonfed.org/mslp.
This drop-in session is an opportunity for potential lenders in the Main Street Lending Program to ask questions about the program to senior officials from the Federal Reserve. The Main Street Lending Program is designed to support small and medium-sized U.S. businesses and their employees during this period of financial strain by giving these businesses access to additional credit. The program is intended to help companies that were in sound financial condition 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.
Interested participants are encouraged to review the program term sheets, frequently asked questions, and listen to the recording of the Ask the Fed session on May 5 that provided an overview of the Main Street Lending Program.
To allow as many potential lenders to participate as possible, we ask each institution to register no more than two representatives for the live session. A recording of the session will be available on the Ask the Fed® site shortly after the call. We strongly encourage participants to use the webinar audio on their computer for the best experience.
Registration is open now at www.askthefed.org. As always, we want your questions. You can email questions in advance to email@example.com. The presenters will take live questions during the session, but questions received in advance will have priority.