As businesses begin the process of reopening their doors after the COVID-19 shutdown, many have considered turning to the Federal Reserve’s Main Street Lending Program for aid. Announced on March 23, the Program’s goal is to help businesses weather the pandemic and the subsequent economic effects.1 However, recent changes to the Program may make it even more attractive and useful to business owners. A Flexible Fed New Loan Types
For some business owners, the Main Street Lending program may be a low-risk, “stop-gap” measure to help with any sudden dips in consumer spending. Let me know if you would like to chat about how this could help you or someone you know. |
1. Federalreserve.gov, 2020 2. Federalreserve.gov, 2020 3. Federalreserve.gov, 2020 |
The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite, LLC, is not affiliated with the named representative, broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information and should not be considered a solicitation for the purchase or sale of any security. |

The Mainstreet Lending Program
