Robison Law Firm
11353 REED HARTMAN HIGHWAY
SUITE 300
CINCINNATI
,
OH
45241
PHONE: 513-412-3483
FAX: 513-412-3482
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News
Fed Opens Up Main Street Loans to Smaller Businesses
Journal of Accountancy
By Jeff Drew
The Federal Reserve Board on Friday announced changes designed to make Main Street Lending Program loans available to smaller businesses and not-for-profits.
Specifically, the board reduced the minimum loan amount on three of the five Main Street loan facilities from $250,000 to $100,000. To encourage provision of the smaller loans, the board waived transaction fees for all loans under $250,000. Read more.