WASHINGTON, D.C. (April 16, 2020) — On April 9, the Federal Reserve announced initial details of the Main Street Lending Program (MSLP), which will establish a credit facility intended for small and midsize businesses that are facing a credit squeeze in the wake of the COVID-19 pandemic. The program consists of a Main Street New Loan Facility (loans made on or after April 8) and a Main Street Expanded Loan Facility (loans made before April 8).
On April 16, SBIA submitted comments to the Fed and Treasury regarding the ability of our members and their portfolio companies to access the new facilities provided by the Main Street Lending Program (MSLP).
About the Small Business Investor Alliance (SBIA)
The Small Business Investor Alliance (SBIA) is the premier organization of lower middle market private equity funds and investors. SBIA works on behalf of its members as a tireless advocate for policies that promote competitive markets and robust domestic investment for growing small businesses. SBIA has been playing a pivotal role in promoting the growth and vitality of the private equity industry for over 60 years. For more information, visit www.SBIA.org or call (202) 628-5055.