The Federal Reserve took an important step toward the launch of the long-awaited Main Street Lending Program with the release of details about how the program will work. … READ MORE >
Main Street Priority Loan Facility
More details about the Main Street Lending Program
The Main Street Lending Program is now eligible for those firms with $5 billion in annual revenue and up to 15,000 employees, an increase from $2.5 billion in revenue and 10,000 employees. In addition, the minimum loan size was lowered to $500,000 from $1 million. … READ MORE >