Is your Commercial Lender providing the service you would expect in a time of need?


If you are unsure of what to do next, to make sure your business can weather this pandemic, we need to talk.


Main Street Lending Program

The Main Street Lending Program (MSLP) offers three different secured or unsecured 5-year term loan options set at an adjustable rate of LIBOR (1 or 3 month) plus 300 basis points with principal deferred for two years and interest payments deferred for one year for eligible borrowers. Unlike Paycheck Protection Program (PPP) loans, Main Street loans are full-recourse loans and are not forgivable.


All loans under the Main Street Lending Program must permit prepayment without penalty. All loans are made by private financial institutions but backed by the Federal Reserve.

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Am I Eligible?

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

  • Have been established before March 13, 2020

  • 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 Paycheck Protection Program (PPP) are eligible to receive a Main Street loan


Call us, to explore your options today! Similar to the PPP program, there is only a certain amount of funds and time available for the MSLP Financing option...

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Call Now 336-530-1415


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