Tennessee Banks and Others Participating in Fully Operational Main Street Lending Program
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.
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The material in this publication was created as of the date set forth above and is based on laws, court decisions, administrative rulings, and congressional materials that existed at that time, and should not be construed as legal advice or legal opinions on specific facts. In some cases, the underlying legal information is changing quickly in light of the COVID-19 pandemic. The information in this publication is not intended to create, and the transmission and receipt of it does not constitute, a lawyer-client relationship. Please contact your legal counsel for advice regarding specific situations.