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Boston Fed releases Main Street Lending Program info
The Federal Reserve Bank of Boston has released information, forms and an FAQ on its Main Street Lending Program, designed to support lending to small and medium-sized businesses that were in sound financial condition before the onset of the COVID-19 pandemic.
The Program, which the Boston Fed is administering on behalf of the Federal Reserve System, is expected to launch shortly. It will operate through three facilities: the Main Street New Loan Facility (MSNLF), the Main Street Priority Loan Facility (MSPLF), and the Main Street Expanded Loan Facility (MSELF). Links to instructions and all the forms lenders need to participate in the Program are included in the Boston Fed's press release.