Main Street Lending Program


As a result of the Coronavirus Aid, Relief & Economic Security (CARES) Act, the Federal Reserve has created the Main Street Lending Program to provide a total of $600 billion in financing for small and medium-sized businesses.

While the program’s start date has yet to be announced, here’s what you need to know to check eligibility and get ready to apply.


In order to be eligible for a Main Street Lending Program loan, a business must:

  • Have been established before March 13, 2020
  • Not be an ineligible business according to Small Business Administration (SBA)regulations
  • Have no more than 15,000 employees or 2019 annual revenues of no more than $5 billion
  • The SBA’s affiliation rules apply in determining the employee and revenue count
  • In counting employees, the Main Street Lending Program advises businesses to refer to SBA regulations by counting all full-time, part-time, seasonal, or otherwise employed persons, excluding volunteers and independent contractors
  • Have been created or organized in the U.S. with significant operations in and a majority of its employees based in the U.S.
  • Not also participate in one of the other Main Street loan facilities, as well as the Primary Market Corporate Credit Facility
  • Note: Businesses that received support through the SBA PaycheckProtection Program (PPP) are eligible to receive a Main Street loan
  • Not have received specific support pursuant to the CARES Act (Subtitle A ofTitle IV for air carriers, air cargo, and businesses critical to national security)

All of the above criteria must be met in order to be eligible.

For more Information, check out Program Details PDF: