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New loan program for medium-sized businesses

Video Credit: KTNV Channel 13 Las Vegas - Duration: 00:25s - Published
New loan program for medium-sized businesses

New loan program for medium-sized businesses

The Federal Reserve is set to launch a new program for medium sized businesses.

'The Main Street Lending Program' will be geared towards companies that fell between the paycheck protection program, and large companies that can sell bonds.

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'THE MAIN STREET LENDINGPROGRAM' -- WILL BE GEAREDTOWARDS COMPANIES THAT FALLBETWEEN THE PAYCHECK PROTECTIONPROGRAM...AND LARGE COMPANIES THAT CANSELL BONDS.BUT ONE BIG DIFFERENCE FROM THEP-P-P...IS THAT COMPANIES THAT ACCEPTMONEY WILL NOT BE REQUIRED TORE-HIRE LAID OFF WORKERS.BORROWERS JUST HAVE TO MAKEFAIR EFFORTS TO KEEP ALL THEIRCURRENT EMPLOYEES.V




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