Fed lowers minimum loan size in Main St lending program to $100K from $250K

Author: Adam Button | Category: Central Banks

Fed tweaks the program

  • Adjusts main street program to encourage small loan provision
  • PPP loans of up to $2m can be excluded from borrower debt
  • Main St to date has made loans totaling $3.7B
  • Feeds have also been adjusted to encourage provision of smaller loans
The Fed will do anything to keep the market up.

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