Federal Reserve's Main St. Lending Program

摘要

In April, the Federal Reserve System (Federal Reserve) announced more details on its plans to provide $2.3 trillion in loans to support the economy in light of the consequences of the 2019 novel coronavirus (COVID-19).'Ihis includes loans through its Main Street Lending Program. This lending program focuses on small and mid-sized businesses. Unlike the Paycheck Protection Program (PPP), where loans may be forgiven provided borrowers meet certain conditions (primarily related to keeping employees on the payroll), the Main Street Lending Program functions more like a traditional loan with significantly low interest rates.