Main Street Recovery Grants versus Main Street Lending Program: What is the difference?

Louisiana State Treasurer John Schroder’s office is administering $300 million for a statewide small business grant program – named the Main Street Recovery grants. Businesses can apply for up to $15,000 to cover eligible expenses. Applications will open July 28. See eligibility requirements here!

The Main Street Lending Program is being administered by the Federal Reserve. The Federal Reserve established the Main Street Lending Program (Program) to support lending to small and medium-sized businesses that were in sound financial condition before the onset of the COVID-19 pandemic. The Program will operate through three facilities: the Main Street New Loan Facility (MSNLF), the Main Street Priority Loan Facility (MSPLF), and the Main Street Expanded Loan Facility (MSELF). Find more information here!