The Federal Reserve has opened the Main Street Lending Program to nonprofits. Main Street loans are complicated, and the fact that Main Street’s nonprofit lending facilities were bolted onto an existing framework for profit-driven corporations adds another layer of complexity. We hope this memo helps clarify the program and serves as a resource for decision-makers at banks and nonprofits.

Visit Davis Polk’s Government Support for Business page for more information on the Main Street Program and other federal programs.

 

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