FEDERAL RESERVE TO BOOST SMALL BUSINESS LENDING EFFORTS

WASHINGTON (AP) — The Federal Reserve said Monday it will support the government's $349 billion small Business lending program, which had a rocky start Friday. The Fed said that it will buy loans that banks make to Small Businesses as part of the program, which is being carried out by banks and the Small Business Administration and was set up under the $2.2 trillion economic relief package. The loans can be forgiven if they are spent on p...

NewsOK.com (Date:04/06/2020 23:32) Read full article >>

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Monday: Monday is the day of the week between Sunday and Tuesday. According to the traditional Christian, Islamic and Hebrew calendars, it is the second day of the week. But according to international standard ISO 8601 it is the first day of the week. The name of Monday is derived from Old English Mnandg a
Friday: Friday is the day between Thursday and Saturday. In countries adopting Monday-first conventions as recommended by the international standard ISO 8601, it is the fifth day of the week. It is the sixth day in countries that adopt a Sunday-first convention, as in the Abrahamic tradition. In other coun
Business: A business is an organization involved in the trade of goods, services, or both to consumers. Businesses are predominant in capitalist economies, where most of them are privately owned and administered to provide service to customers for profit. Businesses may also be not-for-profit or state-owned.
Small Business: What constitutes a small business varies widely around the world. Small businesses are normally privately owned corporations, partnerships, or sole proprietorships. What constitutes "small" in terms of government support and tax policy varies by country and by industry, ranging from fewer than 15 em
Small Business Administration: The Small Business Administration is a United States government agency that provides support to entrepreneurs and small businesses. The mission of the Small Business Administration is "to maintain and strengthen the nation's economy by enabling the establishment and viability of small businesses an