Fed Improves Main Street Lending Program Terms to Support Employment

The Wall Street Journal reported that the Federal Reserve has made several adjustments to the Main Street Lending Program to attract more SMEs.

The Fed made changes to loan limits, lowering the minimums and raising the maximums, according to the Journal.

The Journal noted that the Fed also extended the terms from four years to five years and will allow businesses to defer principal payments for two years instead of one year.

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