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Fed cuts Main Street loan minimum by 60%, widening borrower pool

Fed cuts Main Street loan minimum by 60%, widening borrower pool

October 31, 2020

The Federal Reserve sharply reduced the minimum loan size in its Main Street Lending Program, potentially opening the emergency facilities to more U.S. businesses at a time when Congress remains deadlocked on additional aid.

Months into recession, Fed's Main Street loan program is at a crossroads

August 07, 2020

For months, the Federal Reserve's $600 billion Main Street lending program has been overshadowed by a lengthy rollout and little appetite from banks and businesses alike.

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