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Main Street Facility for Nonprofits Goes Live

FED

The Boston Fed said Friday that the Main Street lending facility is now accepting applications for loans to nonprofits, including hospitals, schools and social service organizations.

So far the facility has only made USD1.2 billion in loans to for-profit organizations, well short of its USD600 billion lendingcapacity.

MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com

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