Main Street Lending Program


Helping mid-size American companies fund their operations, staffing, and growth.


Opening Main Street

The CARES Act was signed into law on March 27th, 2020. The legislation allocated $600 billion to help mid-size businesses to maintain their staff and operations. The Main Street Lending Program (MSLP) gives regulated banks a funding facility to extend unsecured loans that are not federally guaranteed. Instead, loans are sold to the Federal Reserve via a 95% participation.

Eligible Businesses

The MSLP is an opportunity for businesses with 15,000 or fewer employees or 2019 annual revenues of $5 billion or less. These bank loans are supported by the federal government. The minimum term loan size is $250,000. It is recommended to have a minimum EBITDA of $125,000 in 2019.

Borrowing Options

The Main Street Lending Program (MSLP) offers three different secured or unsecured 5-year term loan options set at an adjustable rate of LIBOR (1 or 3 month) plus 300 basis points with principal deferred for two years and interest payments deferred for one year for eligible borrowers. Unlike the PPP, MSLP loans are full-recourse and not forgivable. Prepayments do not have a penalty.
What is Celeri Network?
We are a financial company that uses both technology and innovation to match business owners in need of funds with lenders. The Celeri method is simple, quick and fair.
What is the Main Street Lending Program (MSLP)?

As a result of the Coronavirus Aid, Relief & Economic Security (CARES) Act, the Federal Reserve has created the Main Street Lending Program to provide a total of $600 billion in financing for small and medium-sized businesses.

Is my business eligible for the MSLP?

  • Business established before 3/13/20
  • Not be ineligible by SBA regulations
  • No more than 15,000 employees or annual revenues of no more than $5 billion
  • Crated or organized in the U.S. with significant operations in and majority of employees based in US
  • Did not participate in other Main Street loan facilities, as well as Primary Market Corporate Credit Facility
  • How do I apply?
    Eligible borrowers must submit an application and other documents to eligible lenders. Eligible lenders are federally insured deposit institutions. If your business would like help connecting to one of these institutions, Celeri Network may be able to help.
    Additional Borrower Criteria
  • If a borrower has outstanding loans with the lender as of 12/31/19, such loans must have an internal risk rating equivalent to “pass”.
  • Lenders are expected to construct an assessment of a borrower’s financial condition
  • Borrowers must commit to refrain from repaying principal balance or interest on any debt until the Main Street Loan is repaid in full (unless the debt and interest are mandatory and due).
  • Borrowers must commit that it will not seek to cancel or reduce any of its committed lines of credit with Main Street lender or any other lender.
  • Borrowers must commit to the following compensation, stock repurchase and dividend restrictions as outlined in the CARES Act
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