For general information about the Main Street Lending Program, visit our overview page.
Ready to register? Follow the steps outlined below:
- Review the program term sheets and frequently asked questions to determine if your institution is eligible to participate in the Main Street Lending Program.
- Prepare for registration by reviewing the instructions here. Lender Registration Certifications and Covenants and Lender Wire Instructions can be found at the forms and agreements page. Loan documents related to any loans that are participated to the SPV must reflect the terms of the program and must include the items set out in the loan document checklist contained in Appendix A of the FAQs.
- Register your institution using the lender portal. Please note: Your institution’s chief executive officer and chief financial officer are both required to provide information in order to successfully complete your registration.
For optimal registration experience, please use the most up to date version of the following browsers: Microsoft Edge and Google Chrome™.
- Monitor the status of your registration. It is likely that the full process will take several business days.
For general questions, contact email@example.com.
Characteristics of Main Street Loan Types
|New Loan Facility||Priority Loan Facility||Expanded Loan Facility|
|Loan Term||5 years|
|Principal Payments||Principal deferred for two years. Years 3-5: 15%, 15%, 70%|
|Interest Payments||Deferred for one year|
|Interest Rate||Adjustable rate of LIBOR (1 or 3 mo.) plus 300 basis points.|
to $35 million
to $50 million
to $300 million
|Maximum Combined Debt to Adjusted 2019 EBITDA||4 times||6 times||6 times|
|Lender Participation Rate||5%|
|Fed Participation Rate||95%|
|Prepayment Allowed||Yes, without penalty|
|Business Size Limits||15,000 employees or fewer, or 2019 revenues of $5 billion or less|
|Fees||Origination and transaction fees may apply|