Volunteers distribute food to people in need during the weekly food pantry service run by Grace Ministries of the North Shore in Everett, Mass., in May. AFP via Getty Images The Federal Reserve on Friday announced it has expanded its Main Street Lending Program to include nonprofit organizations as the nation’s economy struggles under the lingering constraints of the coronavirus pandemic.
“We have listened carefully and adapted our approach so that we can best support them in carrying out their vital mission during this extraordinary time,” he added. First announced in March, the Main Street program was designed to extend easy credit to small and medium-sized businesses.
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