Relevant:
- The CARES Act: What You Need to Know About Emergency Coronavirus Small Business Relief
- Lawmakers and White House agree to $2 trillion coronavirus stimulus bill after marathon negotiations
- Thousands of applicants, zero loans: Trump's small businesses lending program is a failure to launch
- Big Banks and Fossil Fuel Industry Poised to Get Bailed Out Under Fed's "Main Street" Lending Program
- Schumer says White House, Dems have deal on additional money for small businesses, hospitals, testing
2020-04-09 — cnn.com
...
The Fed also said Thursday that it will supply financing to banks taking part in the Small Business Administration's Paycheck Protection Program.
Additionally, the central bank said it was boosting its Main Street Lending Program for small businesses with an additional $600 billion in loans as well as $75 billion in funding from the Treasury Department via the Coronavirus Aid, Relief, and Economic Security Act (CARES) fiscal stimulus.
Here's the Fed's press release, which has more details. We'll see how many of these loans the banks actually give out to true small businesses who are starving for them...
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