Today the Federal Reserve Bank of Boston announced that the Main Street Lending Program is now fully operational and ready to purchase qualifying loans. The Main Street program was established to provide a safety net for small and medium-sized businesses that were in sound financial condition before the pandemic and require bridge financing to get through this challenging period. We have seen a significant improvement in liquidity since the program was first announced and I am pleased that many banks, recognizing the challenges that this shock has posed for otherwise healthy businesses, have already been lending to ... (full story)