CARES Act Loans for Middle Market Businesses Over 500 Employees but Less Than 10,000
As a broad overview, a sub-provision of the CARES Act governs “middle market” businesses, those between 500 and 10,000 employees. The Federal Reserve will specifically set up a funding program to banks and other lenders who will then make direct loans to such mid-market companies. These loans will carry preferential rates, no more than 2% […]