Federally-sponsored relief programs responding to COVID-19 provide businesses a path toward recovery, but managing loan applications and obligations can be a complex process that diverts attention from your business operations.
By reviewing your organization’s current debt capital and financial position, our professionals can help determine if the Main Street Lending Program (MSLP)—or other alternative financing options—are right for you, and support you in managing your debt capital effectively.
Program Highlights and Eligibility
Enacted by the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the US Department of the Treasury’s MSLP facilitates lending to small- and medium-sized businesses, with the majority of eligible loans underwritten by the Federal Reserve Bank.
Borrowers can receive a minimum of $250,000 or up to $300 million depending on loan type.
Businesses with up to 15,000 employees or $5 billion in 2019 annual revenue are eligible to borrow through the program, which offers new loans, priority loans, and expanded loans. Below are the summary terms included with each loan program.