Submit Comments on Federal Reserve Banks’ Main Street Lending Initiative
On April 9, 2020, the Federal Reserve Board of Governors announced the creation of a new lending initiative designed to help local banks support Small and Medium-Sized Enterprises (SMEs). The Main Street Lending Program will allow eligible financial institutions to make 4-year loans with deferred payment of principal and interest to businesses that qualify to participate in the program. Full program information is available by clicking here.
Details relating to Main Street Lending Program are still being finalized. Businesses are invited to submit comments relating to current financial needs to help in the design of the program. Interested parties may submit comments through the following link:
Comments will be accepted through April 16, 2020.