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PPP Problems? The Fed Just Expanded Its Main Street Lending Program, Here’s What Businesses Should Know

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Who’s eligible, how it’s different from PPP and how much money is up for grabs.
On Thursday, the Federal Reserve announced that it will expand the scope of its highly anticipated Main Street Lending Program to include more companies and more types of loans. While the central bank has yet to determine a start date for that program, here’s everything we know so far.
Over the last month, the Fed has rewritten its playbook and made unprecedented interventions to prop up the economy.

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