Main Street Lending Program

The Main Street Lending Program is designed to help credit flow to small and medium-sized businesses that were in sound financial condition prior to the COVID-19 pandemic but now face cash flow interruptions.

The Main Street Lending Program, administered by the Federal Reserve Bank of Boston, intends to purchase 95% of each eligible loan that is submitted to the program, provided that the required documentation is complete and the transactions are consistent with the relevant Main Street facility's requirements. The Main Street Lending Program will also accept loans that were originated under the previously announced terms, if funded before June 10, 2020.

To participate in the program, lenders must register using the lender portal, which provides secure access and verification, and promotes the resilience of the program.

Business borrowers must apply for the program loans through a participating lender. Information for borrowers is available on the program website.


Based on public feedback to proposals released for comment on June 15, the following changes were made:

  • The minimum employment threshold for nonprofits was lowered from 50 employees to 10.
  • The limit on donation-based funding was eased.
  • Several financial eligibility criteria were adjusted to accommodate a wider range of nonprofit operating models.
  • Each organization must be a tax-exempt organization as described in section 501(c)(3) or 501(c)(19) of the Internal Revenue Code.

The Main Street nonprofit loan terms generally mirror those for Main Street for-profit business loans, including the interest rate, principal and interest payment deferral, five-year term, and minimum and maximum loan sizes. Nonprofits will be eligible for two loan options. This chart has additional details on the final terms.

Main Street Lending Program Website

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