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FRB Requests Feedback on the Nonprofit Organization New Loan Facility and the Nonprofit Organization Expanded Loan Facility

The Federal Reserve established the Main Street Lending Program to support lending to small and medium-sized businesses.  The Main Street Lending Program now includes two proposed facilities designed to support lending to nonprofit organizations: the Nonprofit Organization New Loan Facility (NONLF) and the Nonprofit Organization Expanded Loan Facility (NOELF).  As the proposals are finalized, the Federal Reserve and the Treasury are seeking feedback from lenders, borrowers, and other stakeholders to make the Program as efficient and effective as possible, while also safeguarding taxpayer funds. 

Number of working Black business owners decline

Number of working black business owners falls 40 percent, far more than other groups amid coronavirus By Hannah Knowles May 25, 2020 at 8:00 a.m. EDT The number of working […]