Tennessee Banks and Others Participating in Fully Operational Main Street Lending Program

Chambliss, Bahner & Stophel, P.C.

The Federal Reserve Bank of Boston has announced that the Main Street Lending Program (the Program) is now fully operational and ready to purchase participations in eligible loans that are submitted to the Program by registered lenders. 

Business borrowers can view a state-by-state listing of lenders participating in the Program who are currently accepting applications from new customers by clicking here.

Lenders participating in Tennessee include Apex Bank, Bank of America, Fifth Third Bank, Synovus Bank, Truist, and Volunteer State Bank. Borrowers should keep in mind that a lender will assess a borrower for a Main Street loan based on both the terms of the Program and the lender’s own underwriting standards, as part of evaluating financial condition and creditworthiness.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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