Fed Launches Main Street Lending Program, Mulls Expansion to Non-Profits
06/15/2020
The U.S. Federal Reserve today launched its $600 billion Main Street Lending Program (MSLP) for small and midsized businesses, nearly three months after the Coronavirus Aid, Relief, and Economic Safety (CARES) Act was signed into law on March 27, 2020. The creation of this program has been a key challenge to the Fed. The program needed to strike a balance by providing favorable terms to help companies in need while limiting risk.
