On April 9, the Treasury and Federal Reserve Board announced the establishment of the Main Street Business Lending Program and a Municipal Liquidity Facility. The Main Street Business Lending Program will enable up to $600 billion in new financing for businesses with up to 10,000 employees or $2.5 billion in 2019 annual revenues. The Municipal Liquidity Facility will provide up to $500 billion in direct financing to states, counties and cities. States, counties and cities will be able to sell new municipal notes directly to the Municipal Liquidity Facility to obtain the funds they need. Release.