The Federal Reserve has announced that it is establishing a Main Street Lending Program to support lending to small and medium-sized businesses that were in good financial standing before the onset of the COVID-19 pandemic. Below, you can watch a 15-minute video of his webinar.
It is a lesser-known government program opening up opportunities for you.
- Minimum loan size of $1M; Max $25M
- $600 Billion Fund
- Unsecured Loan
- 4-year Maturity
- Amortization of principal and interest deferred for one year
- Adjustable rate of SOFR + 250-400 basis points