U.S. Chamber Applauds Federal Reserve for Ensuring Businesses Receive Help Through Main Street Lending Program

Monday, June 15, 2020 - 2:45pm

WASHINGTON, D.C. – U.S. Chamber of Commerce’s Center for Capital Markets Competitiveness (CCMC) Executive Vice President Thomas Quaadman issued the following statement today after the Federal Reserve announced they have opened the Main Street Lending Program for lender registration:
 
“The Main Street Lending Program is a lifeline for businesses that have been disrupted by the health and economic consequences of COVID-19. We applaud the Federal Reserve for taking action today that will continue the process of ensuring businesses of all sizes – including medium and large businesses – have access to the credit they need during this pandemic. This will help businesses keep workers employed and help the economy recover quicker.
 
“We encourage the Federal Reserve to proactively work with lenders and borrowers that choose to participate in the Main Street Lending Program to help address any unforeseen challenges, as well as continue to closely monitor and reassess terms to ensure they provide affordable credit to businesses.”