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The facility is expected to increase funding and liquidity for the program and should allow lenders to move PPP loans off their balance sheets. By Alan W. Avery and Pia Naib On April 6, 2020, the Federal Reserve announced its intention to facilitate lending to small businesses that receive a loan pursuant to the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) by establishing a facility to provide term financing backed by PPP loans. The… Continue Reading