The National Retail Federation welcomed the Federal Reserve’s decision to allow larger mid-size businesses hit by COVID-19 to participate in its $600 billion Main Street Lending Program.
A major e-commerce platform is partnering with a shipping giant to enhance shipping options for small-to-mid-sized businesses as online demand surges during the COVID-19 pandemic.
Many borrowers already have drawn down much or all of their available credit line in order to have the liquidity to ride out the COVID19 pandemic. Other borrowers are contemplating doing the same.