For Minority and Women-Owned Businesses: Overview of the Main Street Lending Program
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 webinar is an opportunity for minority and women-owned businesses and interested parties to learn about the Main Street Lending Program and to get answers to questions from senior officials from the Federal Reserve. The session will include an overview of the program, and information about eligibility requirements, loan terms and conditions, and how to get started.
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 loans. The program is intended to help businesses that were in sound financial condition prior to the onset of the COVID-19 pandemic maintain operations 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 visit the Federal Reserve Bank of Boston’s website for additional information on the program. In particular, the overview document is a good place to start to learn about the program.