Announcement
19 Oct 2020
In October 2020, the Federal Reserve allocated USD 20.4 million to purchase part of a commercial loan granted to Advantage Equipment Rental & Sales Llc the transaction was carried out under The Main Street Lending Program.
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Number of interventions
1
1 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
19 Oct 2020
Revocation date:
No revocation date
Updated: 19 Oct 2020
State loan
In force
On 19 October 2020, the Federal Reserve ('the Fed') purchased 95% of a loan granted to Advantage Equipment Rental & Sales Llc extended by Spirit of Texas Bank SSB. The Fed's financial stake in this lo...
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