FRB Extends Termination Date Of Main Street Lending Program Facilities

The Federal Reserve Board extended the termination date of its Main Street Lending Program facilities to January 8, 2021. The extension was provided to allow more time to process and fund loans submitted to the Main Street lender portal on or before December 14, 2020.

The extended facility termination date applies to the: Main Street New Loan Facility, Main Street Priority Loan Facility, Main Street Expanded Loan Facility, Nonprofit Organization New Loan Facility and Nonprofit Organization Expanded Loan Facility. See related coverage for an overview of the recently revised terms of the Main Street Lending Program.

Primary Sources

1. FRB Press Release: Federal Reserve extends termination date of Main Street Lending Program facilities to January 8, 2021 to allow more time to process and fund loans that were submitted to Main Street lender portal on or before December 14, 2020
2. FRB Term Sheet: Main Street New Loan Facility
3. FRB Term Sheet: Main Street Priority Loan Facility
4. FRB Term Sheet: Main Street Expanded Loan Facility
5. FRB Term Sheet: Nonprofit Organization New Loan Facility
6. FRB Term Sheet: Nonprofit Organization Expanded Loan Facility

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