Main Street Lending Program | Levine & Associates (1)

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LEVINE ASSOCIATES
N E W Y O R K A C C O U N T I N G F I R M
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MAIN STREET LENDING PROGRAM PORTAL FOR
LENDERS- NOW OPEN
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FRB recently introduced the Main Street Lending
Program that works with three main loan
facilities as
follows

• Main Street New Loan Facility (MSNLF) Loan
  Amount
• 250,000.00 - 35,000,000.00
• Main Street Priority Loan Facility (MSPLF) Loan
  Amount
• 250,000.00 - 50,000,000.00
• Main Street Expanded Loan Facility (MSELF) Loan
  amount from
• 10,000,000.00 to 300,000,000.00.

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WHO ARE ELIGIBLE TO BORROW?
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Business applicant must have 15,000 employees or
less, or 2019 revenues of 5 billion or
less Business applicant must have been legally
established in the U.S. before March 13,
2020 Business applicant must have been in sound
financial shape before the pandemic It is not
clear if a sole proprietorship qualifies as an
eligible business Non-profit organizations are
not eligible for these loans
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Businesses in certain financial sectors such as
lenders, banks, and life insurance companies are
ineligible Passive businesses owned by developers
and landlords are ineligible Businesses that
participated in the SBA's PPP can apply for a
Main Street loan Businesses that received an SBA
EIDL can apply for a Main Street loan Businesses
participating in the Primary Market Corporate
Credit Facility are ineligible
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WHAT ARE THE DOCUMENTS NEEDED?
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Financial statements and Tax Return filings
reported to the IRS from the year
2017-2019. Personal financial statement of
owners, owning more than 25 shares or more of
the business. Business General Information Busine
ss legal name and taxpayer identification number
(EIN, SSN) Registered Contact Numbers and Email
Address Certificate of Formation Bylaws and
Operating Agreements
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CONTACT US
MAILING ADDRESS 657 Central Avenue, Suite
205Cedarhurst, NY 11516 EMAIL ADDRESS josh_at_levine
andassoc.com PHONE NUMBER [phone]