The Main Street Rescue That Wasn’t (And Still Isn’t)
PYMNTS
AUGUST 20, 2020
In terms of numbers: the program debuted in March but became fully operational only as late as July, and to date, into August, has extended only $200 million — out of $600 billion authorized. The Main Street lending program is focused on companies that cannot raise funds in the capital markets through issuing, say, bonds, or selling equity.
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