---
title: Main Street Loans Opening Up for Smaller Businesses
description: This article discusses the most recent announcement from the Federal Reserve Board. This is significant for small businesses because the minimum loan amoun
---

[blog](https://scottandco.com/blog)

# [Main Street Loans Opening Up for Smaller Businesses](https://scottandco.com/blog/main-street-loans-opening-up-for-smaller-businesses)

 Written by [Admin](https://scottandco.com/blog/author/admin) | Nov 5, 2020 5:00:00 AM

This article discusses the most recent announcement from the Federal Reserve Board. This is significant for small businesses because the minimum loan amount went from $250,000 to $100,000 on three Main Street loan facilities. Additionally, they published a frequently asked clarification document that answers questions concerning the paycheck protection program. Be sure to check out this link for more information!

To view this article, [click HERE to access the original content](https://www.journalofaccountancy.com/news/2020/oct/fed-opens-main-street-loans-to-smaller-businesses.html?utm_source=mnl:cpald&utm_medium=email&utm_campaign=02Nov2020).

[View full post](https://scottandco.com/blog/main-street-loans-opening-up-for-smaller-businesses)

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