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Key information on the Paycheck Protection Program Liquidity Facility (PPPLF)

To bolster the effectiveness of the Small Business Administration's Paycheck Protection Program (PPP), the Federal Reserve is supplying liquidity to participating financial institutions through term financing backed by PPP loans to small businesses. The PPP provides loans to small businesses so that they can keep their workers on the payroll. The Paycheck Protection Program Liquidity Facility (PPPLF), managed by the Federal Reserve Bank of Minneapolis on behalf of the Federal Reserve System, will extend credit to eligible financial institutions that originate PPP loans, taking the loans as collateral at face value.

This program is for financial institutions who have made PPP loans. Questions regarding the PPPLF should be directed to the institution’s local Reserve Bank or to

Operational details and additional information:


PPPLF Contact Information for the Minneapolis Fed’s Ninth District

The following contact information is to be used when submitting PPPLF related documents.


General Inquiries

Regarding OC-10 Legal Agreements, Loan and Payment Requests and Collateral Questions

Monday - Friday, 7:30 a.m. - 5:30 p.m. (CST) or until the close of Fedwire

(877) 837-8815
Toll Free Phone

(800) 553-9656
General Phone

(612) 204-5911
Fax Number

Mailing address:
Credit/PSR Section
Federal Reserve Bank of Minneapolis
P.O. Box 291
Minneapolis, MN 55480-0291

Physical Address:
Federal Reserve Bank of Minneapolis
90 Hennepin Avenue
Minneapolis, MN 55401

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