Although it initially announced the program back in early April, the Fed is still preparing for an official launch of its Main Street Lending Program, through which it will purchase some $600 billion in loans from eligible lenders. The program funds come from the Coronavirus Aid and Economic Security Act (CARES Act), signed into law back in early April. The Main Streets program was originally designed to assist larger companies with fewer than 10,000 employees and 2019 revenues of less than $2.5 billion with loans of between $1 million and $25 million. Those initial parameters were updated at the end of April however and the minimum loan amount was reduced to $500,000 Further, the maximum number of employees to retain eligibility was increased 50% to a total of 15,000 and the 2019 revenue cap for eligible companies was doubled to $5 billion. Last Friday, the Federal Reserve Bank of Boston released further guidance, instructions and other documents, including a new Frequently Asked Questions (FAQ) relating the program. Participation in the SBA’s Paycheck Protection Program does not in and of itself disqualify any company from also participating in the Main Street lending program.