Fed expands Main Street loan program with lower minimums, extended terms

Fed expands Main Street loan program with lower minimums, extended terms

The Federal Reserve moved on Monday to expand the scope of its Main Street Lending Program by lowering the minimum loan size to $250,000 and extending the loan terms to five years. The Fed says it will also take on 95% of all the Main Street loan risk, to incentivize lenders to offer credit. The […]