The Federal Reserve Board (FRB) is expanding the scope and eligibility for the Main Street Lending Program, which was developed to extend credit to small and medium-sized businesses that were in sound financial condition before the coronavirus (COVID-19) pandemic. When the initial terms of the program were announced, the FRB sought public feedback on potential refinements and received over 2,200 letters from individuals, businesses, and nonprofits. In response to the public input, the FRB expanded the loan options available to businesses, and increased the maximum size of businesses that are eligible for support under the program.
展开▼
