Support Building for More Constructive ABL Integration Into Main Street Lending Programs

In a letter to Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell, Senator Mike Crapo (R-ID) Chairman of the Senate Banking Committee urged law makers to “quickly expand the Main Street Lending Program by setting up an asset-based lending program” writing, “establishing a facility to accommodate asset-based lending could open access to critical resources for several industries that could not otherwise access the MSLP based on earnings or cash flow metrics.

SFNet has been advocating to modify MSLP relief programs to align with asset based lending facilities to make the programs more impactful.

Click here to read SFNet's response to the Main Street Lending Program Guidance and here for SFNet’s request for further amendments to MSLP.