FED Broadens the Main Street Lending

  • May 01, 2020 AEST
  • Team Kalkine

The United States Federal Reserve to expand its Main Street lending, which would allow businesses with up to 15,000 workers to apply.

  • FED increased the limit from 10,000 employees and USD 2.5 billion revenue to 15,000 employees and USD 5 billion in revenue.
  • The Federal Reserve also decided to broaden the types of loan and divided them into three categories, i.e., new, priority and expanded.
  • While the new and priority category would cater to the minimum size of USD 500,000, the expanded category would deal with loans greater than equal to USD 10 million.


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