Mnuchin: Main Street Lending Program Is Now Fully Operational

Mnuchin: Main Street Lending Program Is Now Fully Operational

WASHINGTON, D.C. — U.S. Treasury Secretary Steven T. Mnuchin recently issued the following statement on the Main Street Lending Program:

“[The] Federal Reserve Bank of Boston announced that the Main Street Lending Program is now fully operational and ready to purchase qualifying loans. 

“The Main Street program was established to provide a safety net for small and medium-sized businesses that were in sound financial condition before the pandemic and require bridge financing to get through this challenging period. 

“We have seen a significant improvement in liquidity since the program was first announced and I am pleased that many banks, recognizing the challenges that this shock has posed for otherwise healthy businesses, have already been lending to firms in this sector. 

“Small and medium-sized businesses play a vital role in our economy and the Main Street program will help ensure they have access to financing to maintain their operations as the economy safely reopens.  I encourage all eligible lenders to participate and to begin submitting qualifying loans.”

For more information on the Main Street Lending Program visit

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