Uploaded on Jul 2, 2020
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MAIN STREET LENDING PROGRAM PORTAL FOR LENDERS- NOW OPEN
LEVINE &
AN E SW YS O R K A C C O U N T I NO G F CI R MIATES
MAIN STREET
LENDING
PROGRAM
PORTAL FOR
LENDERS- NOW
OPEN
FRB recently introduced the Main Street Lending
Program that works with three main loan facilities as
follows:
Main Street New Loan Facility (MSNLF) Loan Amount:
$250,000.00 -$ 35,000,000.00
Main Street Priority Loan Facility (MSPLF) Loan Amount:
$250,000.00 - $ 50,000,000.00
Main Street Expanded Loan Facility (MSELF) Loan amount from
$10,000,000.00 to $300,000,000.00.
WHO ARE
ELIGIBLE
TO
BORROW?
Business applicant must have 15,000 employees or less, or
2019 revenues of $5 bill ion or less
Business applicant must have been legally established in
the
U.S. before March 13, 2020
Business applicant must have been in sound financial shape
before the pandemic
It is not clear i f a sole proprietorship qualif ies as an eligible
business
Non-profit organizations are not eligible for these loans
Businesses in certain financial sectors such as lenders, banks,
and li fe insurance companies are ineligible
Passive businesses owned by developers and landlords are
ineligible
Businesses that part icipated in the SBA's PPP can apply for a
Main Street loan
Businesses that received an SBA EIDL can apply for a Main
Street loan
Businesses part icipat ing in the Primary Market Corporate
Credit Facility are ineligible
WHAT ARE
THE
DOCUMENTS
NEEDED?
Financial statements and Tax Return fi l ings reported to the IRS
from the year 2017-2019.
Personal f inancial statement of owners, owning more than 25%
shares or more of the business.
Business General Information:
Business legal name and taxpayer identif ication number
(EIN, SSN)
Registered Contact Numbers and Email Address
Cert i f icate of Formation
Bylaws and Operating Agreements
CONTACT
US
M A I L I N G A D D R E S S
657 Central Avenue, Suite 205Cedarhurst, NY
11516
E M A I L A D D R E S S
[email protected]
P H O N E N U M B E R
(516) 666-
8880
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