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The Spokesman-Review Newspaper The Spokesman-Review

Spokane, Washington  Est. May 19, 1883
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Low interest rates fueling explosion of bank activity in Spokane

After 20 years of renting in Boston and later Spokane, Florence Mwangi decided it was time to try to purchase her first home. The 56-year-old caretaker, who came to the United States from Kenya, chose what many believe is a perfect time: interest rates have been so low that it makes a more expensive homes affordable. 

Most Spokane businesses won’t qualify for Fed loan program

The Federal Reserve set up the Main Street Lending program to provide capital to small and medium-sized business as they come out of the pandemic, but two local bankers say the current restrictions have made the program a dead end.