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Main Street Lending Program

The Federal Reserve recently announced the new Main Street Lending Program (MSLP) to help support small- and medium-sized businesses. The new loans are available to businesses who were in good financial condition before the onset of the COVID-19 pandemic, along with several other eligibility requirements.

We’ll be offering this new loan program as another way help keep qualifying businesses moving forward.

Am I eligible for an MSLP loan?

The MSLP is available through Truist in the following states: Alabama, Arkansas, District of Columbia, Florida, Georgia, Indiana, Kentucky, Maryland, Mississippi, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, and West Virginia. At this time, we can’t provide MSLP assistance to companies with a primary business address in other states.

Based on the terms provided by the Federal Reserve Bank of Boston, you may be eligible if:

  • Your company has less than 15,000 employees and was established prior to March 13, 2020
  • Your company had annual revenue in 2019 less than $5 billion
  • You’re looking for a loan of more than $250,000
  • You understand the following Main Street Lending Program distribution limits:
    • The compensation, stock repurchase, and capital distribution restrictions that apply to direct loan programs under section 4003(c)(3)(A)(ii) of the CARES Act apply except that, in each case, restrictions on dividends and other capital distributions will not apply to distributions made by an S-corporation or other tax pass-through entity to the extent reasonably required to cover its owners’ tax obligations in respect of the entity’s earnings
  • You understand that MSLP borrowers are subject to a number of requirements, including:
    • Limitation on discretionary dividends, stock repurchase, and compensation for 12 months after the date the loan is outstanding
    • Borrower must have the ability to meet financial obligations for at least 90 days and doesn’t expect to file bankruptcy during that time period
    • Borrower must attest to making commercially reasonable efforts to maintain its payroll and retain its employees during the time the loan is outstanding
  • You understand this is a loan subject to full underwriting and qualification and is not a grant
  • Additional terms and conditions apply

How do I get more information?

Additional information can be found on the Federal Reserve website opens in a new tab.

New clients: If you think you are eligible for an MSLP loan and would like to learn more about it from one of our relationship managers, please fill out the form below.
Existing clients: For faster service, contact your relationship manager directly for more information.

All fields are required. Please note that this is a request for additional information only, not a loan application. Only an owner or principal of the business may provide this information, not an advisor, broker, or third party.

Format: 123-456-7890

The MSLP loan may not be the right option for you and your business. Please contact us for more solutions.


All loans are subject to approval, specifically including credit approval as well as meeting all eligibility critera.

This information does not constitute advice and does not cover all aspects of the MSLP, including provisions that may be relevant to your business, your employees and/or your shareholders. For any specific questions about the MSLP, as you deem appropriate please consult with your legal counsel and advisors and conduct any diligence regarding the Program’s terms, certifications, and conditions. The Federal Reserve may modify the restrictions and requirements of the MSLP at any time.

The submission of a request for information is merely to allow Truist to connect a business inquiring about MSLP with a relationship manager, client advisor, or coverage banker. Inquiries from loan brokers or other third parties purporting to act on behalf of a potential borrower will not be responded to by Truist. Requests for information must be made by an authorized officer or employee of the business only.