For Borrowers: 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.
Please note, this session was conducted prior to the new terms and conditions effective June 8, 2020.
This drop-in session is an opportunity for potential borrowers in the Main Street Lending Program to ask questions about the program to senior officials from the Federal Reserve. The Main Street Lending Program supports 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.
To allow as many potential borrowers to participate as possible, we ask each business to register no more than two representatives for the live session. A recording of the session will be available shortly after the call. We strongly encourage participants to use the webinar audio on their computer for the best experience.
Interested participants are encouraged to review the program term sheets and frequently asked questions prior to the session.