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Federal Reserve to smooth lending to small businesses

Added 04-06-20 03:03:02pm EST - “The Federal Reserve will provide support to the government's new small business lending program in its latest attempt to smooth the flow of credit in the virus-stricken U.S. economy.” - Washingtontimes.com

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Posted By TheNewsCommenter: From Washingtontimes.com: “Federal Reserve to smooth lending to small businesses”. Below is an excerpt from the article.

WASHINGTON (AP) - The Federal Reserve will provide support to the government’s new small business lending program in its latest attempt to smooth the flow of credit in the virus-stricken U.S. economy.

The Fed said Monday that it will allow banks to borrow from the Fed by using loans from the government’s small business facility as collateral. That could encourage banks to lend more to small companies.

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