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Main Street Lending Program | Levine & Associates

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Main Street Lending Program | Levine & Associates

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  1. LEVINE&ASSOCIATES NEW Y ORK ACCOUNTING FIRM

  2. MAINSTREET LENDING PROGRAM PORTAL FOR LENDERS- NOWOPEN

  3. FRB recently introduced the Main Street Lending Program that works with three main loan facilitiesas follows: Main Street New Loan Facility (MSNLF) LoanAmount: $250,000.00 -$35,000,000.00 Main Street Priority Loan Facility (MSPLF) LoanAmount: $250,000.00 - $50,000,000.00 Main Street Expanded Loan Facility (MSELF) Loan amountfrom $10,000,000.00 to$300,000,000.00.

  4. WHO ARE ELIGIBLETO BORROW?

  5. Business applicant must have 15,000 employees or less, or 2019 revenues of $5 billion orless Business applicant must have been legally established inthe U.S. before March 13,2020 Business applicant must have been in sound financial shape before thepandemic It is not clear if a sole proprietorship qualifies as an eligible business Non-profit organizations are not eligible for theseloans

  6. Businesses in certain financial sectors such as lenders, banks, and life insurance companies areineligible Passive businesses owned by developers and landlords are ineligible Businesses that participated in the SBA's PPP can apply for a Main Streetloan Businesses that received an SBA EIDL can apply for a Main Street loan Businesses participating in the Primary Market Corporate Credit Facility areineligible

  7. WHAT ARE THEDOCUMENTS NEEDED?

  8. Financial statements and Tax Return filings reported to the IRS from the year2017-2019. Personal financial statement of owners, owning more than 25% shares or more of thebusiness. Business GeneralInformation: Business legal name and taxpayer identification number (EIN,SSN) Registered Contact Numbers and Email Address Certificate ofFormation Bylaws and OperatingAgreements

  9. CONTACTUS MAILINGADDRESS 657CentralAvenue,Suite205Cedarhurst,NY11516 EMAILADDRESS josh@levineandassoc.com PHONENUMBER (516)666-8880

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