Federal Reserve

The Main Street Lending Program is Now Available For Non-Profits

The Federal Reserve has recently announced that the Main Street Lending Program is now available for non-profit organizations seeking COVID-19 relief.

On July 17, 2020, final terms were released for two new loan options created to provide support to a broad set of non-profit organizations, including hospitals, educational institutions and social service organizations – the Nonprofit Organization New Loan Facility (NONLF) and the Nonprofit Organization Expanded Loan Facility (NOELF).

Here is a quick comparison of the two loan facilities geared towards non-profits:


Please view the term sheets below for more information regarding eligibility and conditions.

Sax will continue to update you as further details are made available.  Reach out to your Sax advisor or email [email protected] with questions.  For more and on-going information relative to your state and business, visit Sax’s COVID-19 Resource Center.

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