From the US Chamber of Commerce
The Chamber today released a Guide to the Main Street Lending Program, helping businesses check their eligibility and providing information on how to apply.
The program, set up by the Federal Reserve, provides a total of $600 billion in financing for small and medium-sized businesses. The Chamber’s Center for Capital Markets Competitiveness (CCMC) worked extensively with members to provide feedback on this facility -- submitting a comment letter last month. The Fed announced an expansion of the program on April 30th where most of our suggested improvements were incorporated. CCMC will continue to make sure that businesses have the resources and facts they need to apply to the program.
–Tom Quaadman, Executive Vice President, U.S. Chamber Center for Capital Markets Competitiveness