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 […]
Businesses in minority communities hardest hit by the COVID-19 pandemic are weary of the prospects for a quick recovery, even with the help of the Paycheck Protection Program loans. Carver Bancorp. (CARV), the largest African-American operated bank in the country, has...
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