UPDATE 1-Fed eases terms of Main Street loans, tells banks to start disbursing
The U.S. Federal Reserve
eased the terms of its “Main Street” lending program on Monday,
lowering the minimum loan size from $500,000 to $250,000 and
lengthening the term from four to five years to encourage more
businesses and banks to participate.
eased the terms of its “Main Street” lending program on Monday,
lowering the minimum loan size from $500,000 to $250,000 and
lengthening the term from four to five years to encourage more
businesses and banks to participate.
Posted by Reuters
