Aid to Midsize Businesses

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CARES Act Special Programs

The CARES Act requires a special program through the U.S. Treasury and Federal Reserve specifically targeted at midsize businesses and nonprofits between 500-10,000 employees to provide loans, loan guarantees, and other investments. These loans will not be forgiven. The Federal Reserve created the Main Street Lending Programs on April 9th to provide $600 billion to these entities. The program is still being finalized and more information will become available. There are restrictions & criteria in place on businesses as enacted by the CARES Act.