The Main Street Lending Program is Officially Open for Lender Registration
Today, June 15, 2020, the Federal Reserve Bank of Boston (Boston Fed) announced that the Main Street Lending Program (MSLP) is officially open for lender registration. This news comes after the Boston Fed announced changes to the MSLP as recently as June 8, 2020, which expanded the criteria to allow more small and medium-sized businesses to able to receive support under the program. In its announcement this morning, the Boston Fed encouraged eligible lenders to begin making loans “immediately”. A link to the lender registration page can be found by clicking here. Coinciding with today’s opening for lender registration, the Boston Fed will host a webinar at 2:00 p.m. EDT, which is intended to address borrowers’ questions regarding the MSLP and will specifically address the changes made last week. A link to the registration page for the webinar can be found by clicking here.