Main Street Lending Program modified to provide greater access to Nonprofits
By Diana Miller
On Friday, July 17th, the Federal Reserve Board modified the Main Street Lending Program, providing additional access to nonprofit organizations such as social service organizations, hospitals, and educational institutions. Nonprofit organizations are vital to the communities they serve and these changes are welcomed news to the nonprofit sector.
Although not yet operational, 2 new loan options were released today to help nonprofit organizations due to the COVID pandemic....