Main Street Minimum Loan Size Cut to $100,000 for Businesses & NFPs

Thoughtware Alert Nov 04, 2020
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The Federal Reserve created the Main Street loan program to help larger, financially solid businesses and not-for-profits (NFP) negatively affected by the COVID-19 pandemic—entities too large to qualify for the U.S. Small Business Administration’s Paycheck Protection Program and businesses not big enough to access capital markets. This article provides details on significant changes the Federal Reserve made to the Main Street program to expand existing relief in light of continued economic uncertainty.

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