Much (Illinois): Help Is on the Way for Mid-Sized Businesses as Fed Launches Main Street Business Lending Program

Now that the Payroll Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) program are assisting small businesses, the U.S. Treasury Department and Federal Reserve (Fed) are turning their attention to mid-sized businesses by launching the Main Street Business Lending Program (MSBLP). According to Treasury Secretary Steven Mnuchin, the purpose of the program is to “make a significant difference for the 40,000 medium-sized businesses that employ 35 million Americans.” MORE.

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