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FRB Requests Feedback on the Nonprofit Organization New Loan Facility and the Nonprofit Organization Expanded Loan Facility
June 22, 2020
The Federal Reserve established the Main Street Lending Program to support lending to small and medium-sized businesses. The Main Street Lending Program now includes two proposed facilities designed to support lending to nonprofit organizations: the Nonprofit Organization New Loan Facility (NONLF) and the Nonprofit Organization Expanded Loan Facility (NOELF). As the proposals are finalized, the Federal Reserve and the Treasury are seeking feedback from lenders, borrowers, and other stakeholders to make the Program as efficient and effective as possible, while also safeguarding taxpayer funds. Comments on the proposed NONLF and NOELF term sheets will be accepted through Monday June 22, 2020, via this feedback form.