Track Your Main Street Fund Loan in 2025: Local Business Financing Made Easy

Track Your Main Street Fund Loan: In 2025, staying on top of your small business finances is more important than ever—especially when it comes to loans. If you received a Main Street Fund loan, you may be wondering how to monitor your repayments, track your balance, and plan your finances accordingly.

This guide walks you through everything you need to know about tracking your Main Street Fund loan in 2025, including where to find your information, how to stay compliant, and what options are available if you need help repaying your loan.

Table of Contents

What Is the Main Street Fund Loan?

The Main Street Lending Program (MSLP) was launched by the Federal Reserve during the COVID-19 pandemic to support small and mid-sized businesses that were in good shape before the crisis but needed help to weather the economic storm.

Although the program stopped accepting new loans in January 2021, thousands of businesses still hold active loans and are in the repayment phase as of 2025.

These loans typically feature:

5-year repayment terms
Deferred principal repayment (first 2 years)
Deferred interest payments (first year)
LIBOR-based interest rates plus 3%

How to Track Your Main Street Fund Loan in 2025

If you’re still repaying your Main Street Fund loan, here are the key steps to track and manage it effectively this year:

1. Locate Your Loan Servicing Information

Your Main Street loan was issued through a private lender (bank, credit union, or financial institution), not directly from the government. That means your loan servicer is your original lender.

Look for emails or paperwork from the bank that issued your loan.
Login to your bank’s online business portal to check your current balance, interest rate, and upcoming payment schedule.

💡 Tip: If you’ve changed banks or lost access to the portal, contact your original loan officer directly.

2. Use Accounting or Loan Tracking Software

To stay on top of payments and avoid late fees, integrate your loan information with business accounting tools such as:

QuickBooks Online
Xero
FreshBooks
Wave Accounting

These platforms allow you to:

Schedule loan payments
Track interest paid
Categorize loan payments in your P&L reports
Get automated alerts for due dates

3. Understand Your Loan Terms

Each MSLP loan had slightly different terms depending on the facility under which it was issued:

Loan Facility	Loan Size Range	Term Length	Interest Rate (typical)	Repayment Features
Main Street New Loan (MSNLF)	$250K – $35M	5 years	LIBOR + 3%	Deferred principal (2 yrs), deferred interest (1 yr)
Main Street Expanded Loan	$10M – $300M	5 years	LIBOR + 3%	Larger cap, similar structure
Nonprofit Facilities	Custom amounts	5 years	LIBOR + 3%	Tailored to 501(c)(3) and 501(c)(19) orgs

📌 If you’re not sure which loan type you received, this info will be on your original promissory note.

What If You Can’t Repay the Loan?

If you’re approaching maturity or facing financial challenges in 2025, consider the following options:

Refinancing or Consolidating Debt

You might qualify for new small business financing programs, such as:

Main Street Capital Loan Fund – Offers loans up to $100,000 at 9.90% APR, with repayment terms up to 6 years and flexible first-year payment options.
Community Development Financial Institutions (CDFIs) – Local lenders offering low-interest loans for small business recovery.

Additional Resources for Main Street Loan Tracking

Here are some places where you can get help or more detailed information:

Federal Reserve MSLP Portal: federalreserve.gov/monetarypolicy/mainstreetlending.htm
Your Original Lender’s Website – Often provides loan tracking dashboards.
SBA Loan Assistance Centers – While not directly involved in MSLP, they offer helpful guidance.
State Small Business Development Centers (SBDCs) – Free help with accounting, compliance, and financial planning.

Main Street Capital Loan Fund vs. MSLP: At-a-Glance

Feature	Main Street Fund (MSLP)	Main Street Capital Loan Fund
Launch Year	2020	Ongoing (Post-COVID)
Max Loan Amount	$35 million	$100,000
Interest Rate	LIBOR + 3%	Fixed 9.90%
Repayment Term	5 years	Up to 6 years
Eligibility	Mid-sized businesses	Small, local businesses
New Applications Accepted?	No	Yes

FAQs: Tracking Your Main Street Fund Loan in 2025

Q1: Is the Main Street Lending Program still available for new applicants?
A1: No, the program ended in January 2021. You can no longer apply for new Main Street loans, but existing ones are still active through 2025.

Q2: Where do I track my current Main Street Fund loan?
A2: Through your original lender’s online portal or by contacting them directly. Your lender—not the Fed—manages your loan.

Q3: What happens if I miss a loan payment in 2025?
A3: You may face late fees or be at risk of default. Contact your lender ASAP to work out a revised payment schedule or explore refinancing options.

Q4: Can I refinance my Main Street loan into a new one in 2025?
A4: While MSLP refinancing isn’t possible, you can refinance through alternative programs like the Main Street Capital Loan Fund or other SBA-backed loans.

Q5: Are there tools to automatically track loan balances and due dates?
A5: Yes! Software like QuickBooks, Xero, and FreshBooks allow you to automate payment reminders and track amortization schedules.

Conclusion

Tracking your Main Street Fund loan in 2025 doesn’t have to be a headache. With the right tools, financial awareness, and communication with your lender, you can manage your payments effectively and maintain a healthy business cash flow.

And if you’re looking for additional capital or refinancing options, newer programs like the Main Street Capital Loan Fund are ready to support small business growth.