UPDATE 2-Fed eases terms of Main Street loans, says registration will begin soon
The U.S. Federal Reserve
eased the terms of its “Main Street” lending program on Monday,
cutting the minimum loan size in half to $250,000 and
lengthening the term by a year to encourage more businesses and
banks to participate.
eased the terms of its “Main Street” lending program on Monday,
cutting the minimum loan size in half to $250,000 and
lengthening the term by a year to encourage more businesses and
banks to participate.
Posted by Reuters
