Main Street Loan Program

As the Government set out to provide financial relief to businesses dealing with the fall out of the pandemic, Skyway acted swiftly to set up a group to advise companies on Government related programs beginning with the Paycheck Protection Program (PPP).

We’re pleased to announce that 100% of the companies the firm advised (and submitted completed applications for) were approved for loans. Given our initial success, we are strongly positioned to help qualifying businesses apply for loans with the Main Street Loan Program (MSLP). Let us help you.

About the Loan

The Federal Reserve has 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. This program provides regulated banks a funding facility to extend loans that are not federally guaranteed, but instead are sold to the Federal Reserve via a 95% participation.

Important Note: The information on this site is as of April 30, 2020 and is likely to change when the MSLP is formally launched by the Federal Reserve.

Loan Benefits

$500K - $25M

Capped at 4x EBITDA (Some might qualify for up to $200M with 6x EBITDA cap).

0 - 15,000 EMPLOYEES

Designed for small and mid-sized companies with revenue less than $2.5 billion.

P & I DEFERRED FOR 12 MONTHS

Principal and interest payments are deferred for the first year.

LOAN TERM VARIABILITY

It is expected that different banks will vary in how aggressive terms will be for amortization, covenant levels, etc.

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