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Is the TALF designed to provide loans directly to businesses or consumers?

April 26, 2017businesses Consumers designed directly Loans talf

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Is the TALF designed to provide loans directly to businesses or consumers?

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No, The TALF is designed to increase credit availability for businesses and consumers by facilitating renewed issuance of ABS backed by loans to consumers and businesses at more normal interest rate spreads. The $10 million minimum loan size and requirement that all loans be secured by eligible collateral will likely make direct borrowing from the TALF infeasible for businesses and consumers.