The Main Street Lending Program has ceased purchasing participations in eligible loans.
- On February 9, the Federal Reserve Board of Governors released the latest 30-day report on the operation of the MSLP facilities, including disclosure of loan details. To reflect the data released, the Main Street Lending Program updated the interactive dashboard report providing a visual depiction of the MSLP’s usage, including a geographic distribution of MSLP loans. The dashboard is updated based on the Federal Reserve’s Periodic Report.
- On February 1, 2021, the Main Street Post-Termination FAQs were updated to: (1) make clear that Main Street borrowers can take on and pay, if mandatory and due, debt incurred as a result of participation in the Economic Injury Disaster Loan (EIDL) program or the Paycheck Protection Program (PPP) (FAQ H.3); (2) may refinance existing, non-Main Street debt before it is mandatory and due under specifically enumerated conditions (FAQ H.3); and (3) provide clarity regarding the process and expectations for loan amendments and waivers that constitute non-Core Rights Acts (FAQ J.9).
- 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.