Commercial > COVID-19 updates > Main Street Lending Program

On April 9, 2020, The Federal Reserve announced actions to provide up to $2.3 trillion in loans to the economy through several different programs. One of those programs is the $600 billion Main Street Lending Program (MSLP). It is intended to support U.S. companies with up to 15,000 employees or annual revenues of up to $5 billion that were in sound financial condition before the COVID-19 crisis and require financing due to unprecedented circumstances brought about by the crisis.

We understand you have questions and may be eager for more information. At this stage, we can share that we are encouraged by the intent of the program, but there are no additional specific details to share with you right now as only FAQs (PDF) and high-level term sheets (links below) exist from the Federal Reserve.  

We will update this page as more information becomes available. 

Federal Reserve Main Street Lending term sheets (as of 4/30/20)