The Main Street Lending Program has been in the works for months and it seems to be getting closer to start-up. From what I understand, banks that are approved to make these loans are accepting information now from potential borrowers so that they are ready and approved once the loans are available.
You can go to the Federal Reserve site to learn more about this main street lending program. Click Here for information about the program.
FAQ’s about the program can be found here.
The highlights of the program described below from a flyer provided by the US Chamber of Commerce. There site can be reached here.