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Federal Reserve adjusts Main Street lending program to aid pandemic-stricken small businesses – Fox Business

The Federal Reserve announced Friday that it will adjust its Main Street lending program to better support small businesses still reeling from the coronavirus pandemic…

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The Federal Reserve announced Friday that it will adjust its Main Street lending program to better support small businesses still reeling from the coronavirus pandemic.
The U.S. central bank said it is lowering the minimum amount that can be borrowed by small- and medium-sized businesses to $100,000 from $250,000. The fees have also been adjusted to encourage the smaller loans.
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The program is designed to help businesses…

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