Fed lowers minimum loan level for small business lending program

FED

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Today that it will reduce the minimum loan level and it's small business lending program and wave some fees in an effort to booth participation in a programme that has so far provided Little assistance to struggling firms. The Fed said that it will support loans of as low as $100,000 in its main street lending program, down from an earlier minimum of a quarter of a million. Main Street program seeks to support small and midsize businesses by purchasing 95% of alone from participating banks. A

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