Main Street Lending Program

Was Main Street Lending Program its borrowers’ best option for credit? Risk scores suggest ‘yes’

New Boston Fed study also finds borrowers may have shown greater potential to withstand pandemic

Main Street Lending: right times, right places

New Boston Fed study finds program provided credit when and where it was most needed

Main Street Lending Program FAQs

The Main Street Lending Program has ceased purchasing participations in eligible loans.

Recent Updates

On July 29, 2021, FAQ H.18 of the Main Street Post-Termination FAQs was updated to provide clarifications regarding the applicability of the Borrower Certifications and Covenants, including the restrictions that apply to direct loan programs under the CARES Act, if an eligible borrower or its assets are sold. See a comparison to the previous Main Street FAQs.
The Federal Reserve Bank of Boston has posted additional information regarding vendors for the Main Street Lending Program on the vendor page; specifically, a quarterly report reflecting fees approved for payment to the vendors supporting the program.
On Monday, March 22, the Federal Reserve’s Board of Governors posted audited financial statements for MS Facilities LLC, formed in connection with the implementation of the Main Street Lending Program. The financial statements cover the period from May 18, 2020 to December 31, 2020.
An integrity hotline has been established for reports of fraud, waste, abuse, misrepresentations, illegal activity or unethical behavior associated with the facilities established by the Federal Reserve and administered by the Federal Reserve Bank of Boston to support the economy and promote the stability of the financial system in response to the COVID-19 pandemic. To make a report, please call 844-978-1252.

Program Overview

An overview of the Main Street Lending Program

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Program Details

Program Administration

The Federal Reserve’s Main Street Lending Program is administered by the Federal Reserve Bank of Boston, which established the Main Street SPV to purchase loan participations from eligible lenders in any of the twelve Federal Reserve districts.

Boston Fed Integrity Hotline: 844-978-1252

An integrity hotline has been established for reports of fraud, waste, abuse, misrepresentations, illegal activity or unethical behavior associated with the facilities established by the Federal Reserve and administered by the Federal Reserve Bank of Boston to support the economy and promote the stability of the financial system in response to the COVID-19 pandemic. To make a report, please call 844-978-1252. The Boston Fed Integrity Hotline is administered by a third-party vendor to ensure the anonymity of those who choose to remain anonymous.