Fed Preparing to Purchase New Small Business Payroll Loans

WASHINGTON—The Federal Reserve said Monday it will launch a new program to buy loans that financial firms make through the government’s emergency small-business lending program.

The move would establish a secondary market for loans guaranteed by the Small Business Administration’s Payroll Protection Program, part of a $2.2 trillion economic relief package President Trump signed last month to help individuals and businesses affected by the coronavirus pandemic.

Circle jerk

An issue largely ignored right now: SBA isn't releasing the '3-day' $10k emergency EIDL advances as dictated by CARES & is not communicating with applicants re when/if this $ will ever arrive. So many SmallBiz are in real peril & can't hold out another week/month.

Socialism

Backed securities of ...credit card and student loans! Backed by what? My 65' widescreen Sony? My MBA cert? 🦅 Go America!

pdacosta Fucking A. Another 'new' program to buy more shit. Can I get some money to pay off my home. Trust me, I could stimulate the economy if I didn't have a mortgage.

GregMannarino

NeverTrumpers

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Small Business Stimulus Loans: Bank Of America Has Received Applications For $32.6 Billion, Wells Fargo Says It Can’t Meet Demand Due To Fed RestrictionsBank of America has seen applications from 177,000 small businesses that account for $32.6 billion, while Wells Fargo says it can't meet demand due to fed restrictions by theothersarahh theothersarahh Wells Fargo wont because they dont want to, crooks theothersarahh uh , then lift the restrictions theothersarahh I wonder if they'd lend to one with one.
แหล่ง: Forbes - 🏆 394. / 53 อ่านเพิ่มเติม »

Small Business Stimulus Loans: Bank Of America Has Received Applications For $32.6 Billion, Wells Fargo Says It Can’t Meet Demand Due To Fed RestrictionsDemand for the Paycheck Protection Program under the CARES Act is skyrocketing. tiger DIAGNOSED WITH THE coronavirus VIRUSE at BronxZoo in NewYork. nice to hear that somebody now small businesses exist
แหล่ง: Forbes - 🏆 394. / 53 อ่านเพิ่มเติม »

How the $2 trillion US stimulus package could impact SMBs and alt lenders - Business InsiderThe US Senate announced a $350 billion loans package for small businesses to help them sustain their business during the coronavirus pandemic.
แหล่ง: BusinessInsider - 🏆 729. / 51 อ่านเพิ่มเติม »