New report: Main Street added substantially to credit supply to small and medium-sized borrowers
Most of Boston Fed–run program’s 1,830 loans went to smaller firms impacted by the pandemic
Read moreMain Street Lending Program
The Main Street Lending Program has ceased purchasing participations in eligible loans.
Recent Updates
- On April 9, 2021, the Main Street Post-Termination FAQs were updated to include clarifications regarding (i) the application of the CARES Act direct loan restrictions to arrangements between Main Street borrowers and independent contractors, vendors, or other third-party service providers (FAQ H.26) and (ii) certain issues arising in the administration of Main Street loans (FAQs J.9 and J.10). See a comparison to the previous Main Street FAQs.
- 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.
- 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.
- 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 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.
Resources
Audited Financial Statements
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.
Lender Portal
Portal for registered lenders in the program
Listing of Participating Lenders
List of lenders that are registered in the Main Street Lending Program.
Disclosures
Reports on the operation of the MSLP facilities, including monthly disclosure of names of lenders & borrowers, amounts borrowed, etc. These reports are made to Congress pursuant to CARES Act & Section 13(3) of the Federal Reserve Act.
MSLP Dashboard Report
An interactive dashboard report providing a visual depiction of the MSLP’s usage, including a geographic distribution of MSLP loans.
Forms & Agreements
Legal forms and agreements for registered lenders and eligible borrowers
Main Street Post-Termination Frequently Asked Questions
Questions and answers providing more information on the program
Terms & Conditions
Information on eligibility and terms
Facility Agreements
Documents related to the establishment of the SPV and the U.S. Treasury’s equity investment
Vendors
Information on vendors supporting the Main Street Lending Program
Publications & Data
Related Links
Contacts
Boston Fed Integrity Hotline