Fed Expands Lending Program, Fed Expands Main Street Lending Program, MODERN FUNDING

Fed Expands Main Street Lending Program

Fed Expands Lending Program, Fed Expands Main Street Lending Program, MODERN FUNDING
The. U.Federal Reserve said it is expanding the scope of its Main Street lending program to permit more applications and expand the types of loans available. Under the new rules, businesses with as many as 15,000 workers and revenue of up to $5 billion will be able to apply. The previous limit, when the program was announced April limited applications to business with 10,000 workers and $2.5 billion in revenue.

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