The Fed’s New $600B COVID-Relief Program Allows Small Banks To Play In The Big Leagues

Both the Main Street and PPP loan programs originated in the massive $2 trillion CARES Act in March. Main Street loans range from $250,000 to $300 million for companies with 15,000 or fewer employees. With $600 billion available, the Main Street program trumps the original $349 billion that PPP dispensed in a matter of weeks.