The Federal Reserve Bank of Boston announced on Friday that the Main Street Lending Program is now fully operational and is accepting submissions of eligible loans to nonprofit organizations, submitted by eligible lenders.

The Main Street Lending Program offers loans to small and medium sized for-profit businesses and nonprofit organizations that were in sound financial condition prior to the COVID-19 pandemic.

The Main Street Lending Program’s facilities for for-profit businesses have been operational since July 6, 2020.

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