Federal Reserve loan program targets mid-size businesses
By Justin Ho
The Paycheck Protection Program loans are aimed at helping the country’s smallest businesses make it through the pandemic. This week, the Federal Reserve will be rolling out another loan program aimed at larger businesses called the Main Street Lending Program. When you look at the details of the program, Karen Petrou, managing partner at Federal Financial Analytics, said maybe the name’s a little misleading. “It’s only the ‘Main Street’ program if the Main Street in your town looks a lot like Park Avenue,” she said.