evidence: Experts from across the political spectrum already are concerned that the Main Street program will not come close to meeting the ambitious goals touted by the administration. They worry it will move too slowly, that lenders won’t embrace it and that companies won’t seek out the loans because they’re not sure whether they’ll be able to pay them back. [...] Under the paycheck program, small companies applied to banks for government loans that would be forgiven if they used most of the money to keep workers on payroll. Main Street, in contrast, is a pure loan program designed to make sure that companies with solid business models make it through lockdowns required to stop the pandemic. Recipients have a year before they have to start paying back the loan, which can range from $500,000 all the way up to $200 million, and they’re barred from issuing dividends or buying back stock until a year after the loan is paid back. [...] In fact, those conditions were little more than suggestions, which the Trump administration and the Fed quickly cast aside. The Fed’s Main Street program includes none of those protections; instead, it requires companies only to make "commercially reasonable" efforts to keep employees. There is essentially nothing stopping companies that take the loans from laying off more workers.