Economics
Fed’s Main Street Program Attracts Handful of Borrowers So Far
Photographer: Cliff Hawkins/Getty Images
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The Federal Reserve’s Main Street Lending Program had attracted just eight borrowers as of July 27, according to a report released Thursday by the central bank.
The largest recipient detailed was a Mount Pocono, Pennsylvania-based casino that got $50 million, the maximum amount allowed under the program’s Priority Loan Facility.