Termination of Authority Federal Reserve Main Street Lending Program HR 133. Effective for applications submitted after December 14, 2020, HR 133 terminates the Federal Reserve Bank's Authority under the CARES Act for its Main Street Lending Program.
US Federal Reserve 5 Year Main Street Lending Program WAS Not Just for Wall Street, its was for
Your Street
Many business are purchased for less
than 5 years of cash flow and would fit comfortably into this
financing source. Table Highlights - 95% guaranteed by Federal
Reserve, 5% by bank. There are few or no New England banks
participating, however a few of the national banks are soliciting
applications. Note that lending capacity is based upon 2019 EBITA.
Just started up on July 1st. Note that this is the US Federal
Reserve, not SBA.
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