Federal Reserve to Aid SBA Loans

April 7, 2020
The Federal Reserve announced this week it will support the government's $349 billion small business lending program.

April 7, 2020—The Federal Reserve announced it will support the government's $349 billion small business lending program, per a report from Inc.

The Federal Reserve said it will buy loans that banks make to small businesses as part of the program. This helps create incentive for banks to engage in more lending. It will free up more cash for banks to spend, which otherwise would be required to hold some cash when making a loan in case of default.

The Federal Reserve is also expected to launch a program that would aid states and cities by buying municipal bonds. 

To find out more about how small businesses can gain access to capital quickly, go here

Sponsored Recommendations

ADAS Applications: What They Are & What They Do

Learn how ADAS utilizes sensors such as radar, sonar, lidar and cameras to perceive the world around the vehicle, and either provide critical information to the driver or take...

Banking on Bigger Profits with a Heavy-Duty Truck Paint Booth

The addition of a heavy-duty paint booth for oversized trucks & vehicles can open the door to new or expanded service opportunities.

The Autel IA700: Advanced Modular ADAS is Here

The Autel IA700 is a state-of-the-art and versatile wheel alignment pre-check and ADAS calibration system engineered for both in-shop and mobile applications...

Boosting Your Shop's Bottom Line with an Extended Height Paint Booths

Discover how the investment in an extended-height paint booth is a game-changer for most collision shops with this Free Guide.