By Rebecca Ayers – Staff Writer, Dallas Business Journal
Now that the Paycheck Protection Program has come to an end, the Federal Reserve’s Main Street Lending Program (MSLP) is still winding up.
Reports show that demand in the initial roll-out of the MSLP hasn’t been nearly as high as it was with the PPP. But some local lenders have said that they have seen more interest in the MSLP.
Vista Bank’s President and CEO John Steinmetz said he’s seen interest in the MSLP significantly pick up in the last two to three weeks.
Additionally, this program allows community banks like Vista to “out punch in its weight class and compete against the banks that are significantly larger,” he said.