On April 30, 2020, the Federal Reserve announced changes to the Main Street Lending Program in response to public comment. The program supports small and mid-sized businesses through the COVID-19 pandemic by creating a special purpose vehicle to purchase $600B in eligible loans from participating lenders. The start date for the program will be announced shortly, and at that time businesses should work with their lenders to obtain these federally-backed loans. Until the start date, borrowers should consider the following eligibility requirements and loan terms as they apply to their respective businesses.