Main Street Expanded Loan Facility
Description
The Federal Reserve established a Main Street Lending Program (Program) to help credit flow to small and medium-sized for-profit businesses and nonprofit organizations that were in sound financial condition before the onset of the COVID-19 crisis, but needed loans to help maintain their operations until they recovered from, or adapted to, the impacts of the pandemic. The Program terminated on January 8, 2021. The Federal Reserve filed these reports with Congress pursuant to section 13(3) of the Federal Reserve Act concerning the lending facilities established by the Board.
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Tags
- frs-officially-released-data
- data-resource
- frs-created-data
- small-and-medium-size-businesses
- public-economics