Federal Reserve Releases Additional Information on Main Street Lending Program

The Federal Reserve Bank of Boston recently released additional information for potential lenders and borrowers in the Main Street Lending Program, including a form loan participation agreement, lender certifications and covenants, borrower certifications and covenants, updated Frequently Asked Questions and other legal documents, according to the Window & Door Manufacturers Association. 

The program's launch date will be announced when available.

It will be administered for the Federal Reserve System by the Federal Reserve Bank of Boston, which established a Special Purpose Vehicle to purchase loan participations from eligible lenders across the U.S.

The Federal Reserve Bank of Boston held an informative webinar on Friday, May 29, for businesses to learn more about participation. A recording of the webinar is available for viewing and can be accessed here.

The FRBB will hold another MSLP Q&A webinar on Wednesday, June 3, for potential borrowers to ask questions about the program to senior officials from the Federal Reserve. To register for this webinar, click here.