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Main Street Loan Program

We will be originating new business loans for the Main Street Loan Program for qualified businesses nationwide. These are fully underwritten loans and we are working with a large network of lenders nationwide to place them appropriately. To apply for a Main Street loan, us the contact form or call directly to 866-647-1650.

The Main Street Lending Program was established by the Federal Reserve to support small to medium sized businesses that were on sound financial condition prior to the COVID-19 pandemic. Businesses that were not able to access the Payroll Protection Program or those that require additional support after receiving a PPP loan can receive support under this program. As opposed to the PPP loan program assistance, these loans are fully underwritten loans, not forgivable, and are full recourse.

To be eligible for the Main Street Loan Program, the business must meet the following criteria

  • Established prior to March 13, 2020
  • Be a business established in the United States, US territory, or under a Tribal Government
  • Have fewer than 15,000 employees OR have annual revenues of less than $5 billion
  • Must be an eligible business type as defined by the SBA (See below for a list of ineligible businesses)
  • Must not have received economic support pursuant to the CARES Act

Below is the term sheet for loan terms published by the Federal Reserve as of May 3rd












120.110 What businesses are ineligible for SBA business loans?

The following types of businesses are ineligible:

(a) Non-profit businesses (for-profit subsidiaries are eligible);

(b) Financial businesses primarily engaged in the business of lending, such as banks, finance companies, and factors (pawn shops, although engaged in lending, may qualify in some circumstances);

(c) Passive businesses owned by developers and landlords that do not actively use or occupy the assets acquired or improved with the loan proceeds (except Eligible Passive Companies under §120.111);

(d) Life insurance companies;

(e) Businesses located in a foreign country (businesses in the U.S. owned by aliens may qualify);

(f) Pyramid sale distribution plans;

(g) Businesses deriving more than one-third of gross annual revenue from legal gambling activities;

(h) Businesses engaged in any illegal activity;

(i) Private clubs and businesses which limit the number of memberships for reasons other than capacity;

(j) Government-owned entities (except for businesses owned or controlled by a Native American tribe);

(k) Businesses principally engaged in teaching, instructing, counseling or indoctrinating religion or religious beliefs, whether in a religious or secular setting;

(l) [Reserved]

(m) Loan packagers earning more than one third of their gross annual revenue from packaging SBA loans;

(n) Businesses with an Associate who is incarcerated, on probation, on parole, or has been indicted for a felony or a crime of moral turpitude;

(o) Businesses in which the Lender or CDC, or any of its Associates owns an equity interest;

(p) Businesses which:

(1) Present live performances of a prurient sexual nature; or

(2) Derive directly or indirectly more than de minimis gross revenue through the sale of products or services, or the presentation of any depictions or displays, of a prurient sexual nature;

(q) Unless waived by SBA for good cause, businesses that have previously defaulted on a Federal loan or Federally assisted financing, resulting in the Federal government or any of its agencies or Departments sustaining a loss in any of its programs, and businesses owned or controlled by an applicant or any of its Associates which previously owned, operated, or controlled a business which defaulted on a Federal loan (or guaranteed a loan which was defaulted) and caused the Federal government or any of its agencies or Departments to sustain a loss in any of its programs. For purposes of this section, a compromise agreement shall also be considered a loss;

(r) Businesses primarily engaged in political or lobbying activities; and

(s) Speculative businesses (such as oil wildcatting).

Contact Us - 866-647-1650