There have been a variety of programs available to companies as they navigate through the COVID-19 pandemic. The Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) have been some of the most widely known programs that small businesses have looked to and relied on. Other programs are also available and may be a better fit. One of those programs which has been expanded in light of the coronavirus is the Main Street Lending Program (MSLP). While there are three different programs looked at in this video, here are their common eligibility requirements:
Up to 15,000 employees or up to $5 billion in 2019 annual revenue
Operations or majority of employees in the United States
Did not participate in the Primary Market Corporate Credit Facility