For Lenders: Main Street Lending Program - Loan Purchase Process For Lenders: Main Street Lending Program - Loan Purchase Process

This Event Has Ended This Event Has Ended

Monday, June 29, 2020
2:00 p.m. EDT
via Webinar

The webinar is an opportunity for lenders to learn about the Main Street Lending Program’s loan purchase process. The Federal Reserve will finance a Special Purpose Vehicle that will purchase 95 percent participations in qualified Main Street loans. The session will discuss, among other things, how lenders will navigate through the Main Street Lender Portal and required documentation for loan purchases. The webinar is also an opportunity for lenders to get answers to questions from 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 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 review the updated program term sheetsfrequently asked questions and forms and agreements.