Fed lowers minimum loan level for small business lending program



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

Coming up next