The Federal Reserve to Take on More Risk to Aid Small Business Loan Program
The Fed expanded yet another of its special purpose vehicles Monday, increasing eligibility for its Main Street Lending Program and raising the percentage of the loans that it will take on to 95%.
What it means: The Main Street program is the Fed’s attempt to get money directly to more American businesses that have been left out of the Paycheck Protection Program and other CARES Act initiatives.Read more at Axios >>