The Federal Reserve announced that its Main Street Lending Program (MSLP) has been expanded to allow more small and medium-sized businesses to be able to receive support. The MSLP is available to businesses that were unable to access the Payroll Protection Program (PPP), or that require additional financial support after receiving a PPP loan. Borrowers that participate in the MSLP are required to make commercially reasonable efforts to maintain payroll and retain their employees during the time the MSLP loan is outstanding. MSLP loans are not forgivable. If a business received PPP or EIDL funding, it can still borrow funds through the MSLP as long as it meets the eligible borrower criteria. Please contact your lender for additional information, or Kimberly A. Steele, Esq. at The Steele Law Firm, P.C.