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Federal Reserve Bank of Boston — Main Street Lending Program facility agreements, vendors, program overview; home of...

Cited in: Michael Kipp Kranbuhl

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Facility Agreements

Main Street Lending Program

Facility Agreements

The program is administered by the Federal Reserve Bank of Boston, which has established a special purpose vehicle (SPV) to purchase loan participations from eligible lenders across the U.S. The program was established by the Federal Reserve under the authority of Section 13(3) of the Federal Reserve Act, with approval of the Treasury Secretary. The Department of the Treasury (Treasury) made an equity investment in the SPV in connection with the Program. The funds invested by Treasury were appropriated to the Exchange Stabilization Fund under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).

The SPV ceased purchasing loan participations on January 8, 2021.

Documents related to the establishment of the SPV and the Treasury’s equity investment are provided here and will remain available.

May 22, 2026 Distribution Letter

Sixth Amendment to the LLC Agreement

November 21, 2025 Distribution Letter

Fifth Amendment to the LLC Agreement

May 23, 2025 Distribution Letter

November 22, 2024 Distribution Letter

November 22, 2024 Letter Agreement

May 15, 2024 Letter

November 15, 2023 Letter

Fourth Amendment to the Credit Agreement

Fourth Amendment to the LLC Agreement

May 19, 2023 Letter

Third Amendment Agreement for Credit Agreement

November 18, 2022 Letter

May 20, 2022 Letter

Third Amended and Restated Limited Liability Company Agreement

November 19, 2021 Letter

Amended and Restated Credit Agreement (August 2020)

Investment Memorandum of Understanding

Preferred Equity Investments Agreement

Security Agreement

Historical Versions of Agreement Documentation

Second Amended and Restated Limited Liability Company Agreement with Updated Schedule A

January 11, 2021 Letter

Second Amended and Restated Limited Liability Company Agreement

Amended and Restated Limited Liability Company Agreement

January 7, 2021 Letter

Credit Agreement (May 2020)

Credit Agreement Amendment (July 2020)

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