The Federal Reserve Bank established the “Main Street Lending Program” to support lending to small and medium-sized businesses that were in sound financial condition before the onset of the coronavirus (COVID-19) pandemic.
The Main Street Lending Program is designed to provide support to small and medium-sized businesses by supporting the provision of credit to such businesses. The availability of additional credit is intended to help eligible companies maintain their operations and payroll until conditions normalize.
The Federal Reserve Bank of Boston released on its website a set of “frequently asked questions” (FAQs) and other information about the Main Street Lending Program.
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