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The Commercial Association of REALTORS Wisconsin

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Main Street Lending Program for Small and Medium-Sized Businesses

May 20, 2020 by Tracy Johnson

The Main Street Lending Program, created by the CARES Act, is intended to provide loans to small and medium-sized businesses that were in sound financial condition before the onset of the COVID-19 pandemic. Under the program, the Federal Reserve will support up to $600 billion of loans to eligible small and medium-size businesses. The loans will be made by federally insured banks and savings associations and credit unions and foreign banks operating in the U.S. The loans will be available until September 30, 2020, and are not forgivable. The Main Street Lending Program facilities are not yet operational, but continues to be a top priority for the Federal Reserve to implement. Full FAQ here.

Filed Under: News, Advocacy, COVID19

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250 E. Wisconsin Ave, Suite 725
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