Main Street Lending Program Expanded, New Details Released

Thoughtware Alert Published: May 04, 2020
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On April 9, 2020, the U.S. Department of the Treasury announced details on several lending facilities funded by the Exchange Stabilization Fund created by the Coronavirus Aid, Relief, and Economic Security Act. On April 30, 2020, after receiving feedback from lenders and businesses, the Federal Reserve expanded the scope and eligibility criteria for the Main Street lending program and released a FAQ document. This article provides details on the changes.

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