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ARTICLE · 15 SEPTEMBER 2020

Main Street Lending Program For Nonprofit Organizations

Reinhart, Boerner, Van Deuren SC
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A new portion of the Main Street Lending Program (Program) is intended to facilitate lending to nonprofit organizations that were in sound financial condition prior to the onset of the COVID‐19...

United StatesFinance and Banking
Robert Heinrich
Robert Heinrich
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A new portion of the Main Street Lending Program (Program) is intended to facilitate lending to nonprofit organizations that were in sound financial condition prior to the onset of the COVID‐19 pandemic. The aspects of the Program for nonprofit organizations became fully operational on September 4, 2020.

The two facilities for nonprofit organizations under the Program are the Nonprofit Organization New Loan Facility (New Loan Facility) and the Nonprofit Organization Expanded Loan Facility (Expanded Loan Facility).

This alert summarizes and compares these two facilities and reflects guidance through the most recent frequently asked questions (FAQ) of September 4, 2020. The Program also features three facilities for for-profit businesses, which facilities are covered here.

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