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April 16 • 2020

Treasury and Federal Reserve Announce Main Street Lending Program For Small and Midsize Businesses

On April 9, 2020, the Department of the Treasury and the Federal Reserve Board announced additional incentives geared toward promoting maximum employment and stabilizing the economy, including a $600 billion low-interest loan program designed to fill in gaps in the recently enacted Small Business Administration's Paycheck Protection Program (PPP).  This program, called the Main Street ...