The Main Street Lending Program
As businesses race to apply for government-backed Covid-19-relief loans as part of the $2 trillion stimulus package, many business owners--those 200,000 or so who run midsize companies--are eagerly waiting for details on the lending program in the works specifically for them. The Main Street Lending Program in a nutshell. While the Federal Reserve has already outlined a number of programs at which it will deploy $454 billion in resources, it has not yet released details about the Main Street Lending Program, which will be aimed at firms with between 500 and 10,000 employees and $10 million to $2 billion in revenue. The Core Business Show with Tim Jacquet is sponsored by Apple Capital Group and Apple Community Development Corporation.