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The Fed is finally starting its lending program for small and medium-sized businesses

from CNN

The Fed is finally starting its lending program for small and medium-sized businesses CNN Small and medium-sized businesses are finally getting some much-needed help from the Federal Reserve. The Fed's highly anticipated Main Street Lending Program is launching more than two months after it was announced at the beginning of April. While the central bank won't lend to businesses themselves, it will encourage banks to lend to struggling companies by taking the majority of the potentially risky loans off their balance sheets. READ MORE

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