VIS Covid Support

Whether you need financing for your commercial or investment property, a bridge loan to help you through these tough times, or financing for your business, VIS Capital Venture is here to help.

Main Street Lending Program – Quick Facts

The Federal Reserve established the Main Street Lending Program (MSLP) to support lending to small and medium-sized businesses that were in sound financial condition before the onset of the COVID-19 pandemic.

The MSLP terms are determined by the Federal Reserve and are as follows:

• The interest rate is Libor plus 3%.
• There are no payments for the first year.
• The payments for the second year are interest only.
• You are required to repay 15% of the loan at the end of the third year.
• You are required to repay 15% of the loan at the end of the fourth year.
• The loan is due in full (70%) at the end of the fifth year.

Please reference the Federal Reserve site for full program details, including eligibility. Here are a few of the key MSLP eligibility requirements:

• Business (borrower) was established prior to March 13, 2020
• Business (borrower) has either less than 15,000 employees or had less than $5 billion in 2019 annual revenue.
• Business (borrower) has significant operations in and a majority of its employees in the United States.

 The following businesses are not generally eligible for the MSLP:

• Banks and lending companies
• Passive real estate businesses
• Life insurance companies
• Non-US companies
• Pyramid sale distribution plans
• Gambling companies
• Private clubs
• Government-owned entities
• Religious organizations
• Loan packagers

Please complete the form below to get started: