Fed Extends Main Street Lending Program

The Federal Reserve announced on Tuesday that it has extended the termination date of Main Street Lending Program facilities to January 8, 2021.

The extension will allow the Fed more time to review fund loans that were submitted to the Main Street lender portal by December 14, the Fed said in a press release.

The lending program first announced in April is meant to help facilitate lending to small- and medium-sized U.S. businesses amid the coronavirus pandemic.