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Federal Reserve Lowers Main Street Lending Programs Loan Size For Small Businesses

Minimum loan size offered by US central bank lowered to $100K

Credit: Stefan Fussan

From FoxBusiness.com…..

The Federal Reserve announced Friday that it will adjust its Main Street lending program to better support small businesses still reeling from the coronavirus pandemic.

The U.S. central bank said it is lowering the minimum amount that can be borrowed by small- and medium-sized businesses to $100,000 from $250,000. The fees have also been adjusted to encourage the smaller loans.

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