Designing the Main Street Lending Program: Challenges and options

The Main Street Lending Program (MSLP), authorized by the CARES Act, provides loans to small and mid-size firms and large below-investment-grade firms that were financially sound before the onset of the pandemic. Extending credit can help some of these businesses manage the near-term drop in revenues, prevent unnecessary failures, and so support a recovery once … Continue reading Designing the Main Street Lending Program: Challenges and options