Archive for: Federal Reserve

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Payment Innovation: COVID-19

Main Street Lending Program Offers Loans to Small and Midsize Businesses Impacted by COVID-19

On April 9, 2020, the Federal Reserve announced the Main Street Lending Program for businesses impacted by the COVID-19 pandemic. The program will offer 4-year loans to companies employing up to 10,000 workers or with revenues of less than $2.5 billion.

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