Varnum (Michigan): Main Street Lending Program: Federal Reserve Announces Revised Terms

On April 30, 2020 the Federal Reserve announced revised terms for its Main Street Lending Program (Main Street Program). Once operational, the program will provide up to $600 billion in liquidity to eligible lenders that make direct loans to eligible businesses. The revised terms include the addition of a third facility within the Main Street Program and expansion of eligibility requirements for both lenders and businesses. MORE.

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