On 4/9/2020, the Federal Reserve announced a new $2.3 trillion loan package. The Fed will work through banks to offer four-year loans to companies of up to 10,000 employees, and directly lend to state governments and populous counties and cities to help them respond to the crisis. The Fed’s initial $75 billion investment is intended to facilitate lending to small and medium-sized businesses and should include those previously excluded from the PPP. Click here for more information
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