Federal Reserve Liquidity Facilities

CA lenders are a critical part of the small business financing ecosystem, particularly during the devastating COVID-19 pandemic. Members of the MLWG assisted the U.S. Federal Reserve in granting CDCs and CDFIs access to the Paycheck Protection Program Liquidity Facility (PPPLF). Access to the PPPLF provided participating CDFIs and CDCs with the capital they needed to maximize their PPP lending to underserved businesses struggling to endure the pandemic.​