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June 9, 2020 • < 1 min read
On June 8, 2020 the Federal Reserve Board made changes to the Main Street Loan Program to enhance the terms of the loans available under the program. The purpose of the program is to provide further financial assistance to U.S. businesses adversely impacted by the COVID-19 pandemic. The new changes include:
There were no changes to Borrower eligibility.
See our updated summary of Main Street loan program terms by clicking here.
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