An improved commercial paper market will enhance the ability of businesses to maintain employment and investment as the nation deals with the coronavirus outbreak." As with other non-bank lending facilities, the Fed invoked Section 13(3) and received permission from the U.S. Treasury, which put $10 billion into the CPFF to cover any losses. The Commercial Paper Funding Facility lapsed on March 31, 2021. Supporting loans to small- and mid-sized businesses: The Fed's Main Street Lending Program, announced on April 9, 2020, aimed to support businesses too large for the Small Business Administration's Paycheck Protection Program (PPP) and too small for the Fed's two corporate credit facilities. The program was subsequently expanded and broadened to include more potential borrowers. Through three facilitiesthe New Loans Facility, Expanded Loans Facility, and Priority Loans Facilitythe Fed was prepared to fund up to $600 billion in five-year loans