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June 22, 2020
AN UPDATE FROM NAW GOVERNMENT RELATIONS TEAM - 6.22

The Federal Reserve has announced a NEW information session for minority and women-owned businesses and interested parties who wish to learn more about the Main Street Lending Program.

This webinar is an opportunity for interested parties to learn about th

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June 22, 2020
AN UPDATE FROM NAW GOVERNMENT RELATIONS TEAM - 6.19

On May 19th, Fed Chair Jay Powell said the MSLP would be in operation by the end of May, or the first few days of June.  As of today, the program is still not functioning.

In a paper published this week by the Brookings Institution, two former Fed economis

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June 17, 2020
AN UPDATE FROM NAW GOVERNMENT RELATIONS TEAM - 6.17

Fed officials continue to say that they will have the facility stood up in a matter of days, but as of today, they have announced no launch date.  We will continue to monitor the Federal Reserve for information and provide you with any relevant and timely updates.

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June 17, 2020
AN UPDATE FROM NAW GOVERNMENT RELATIONS TEAM - 6.15

The Federal Reserve’s Main Street Lending Program is now open for LENDER registration. Lenders can find the necessary registration documents on the program site and are encouraged to begin making Main Street program loans immediately.

 

Lenders can find the necessary registration documents on the

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June 12, 2020
AN UPDATE FROM NAW GOVERNMENT RELATIONS TEAM - 6.11

Today, the Fed announced two more webinars for lenders and borrowers interested in the Main Street Program.  For borrowers, this session is an opportunity to learn about changes to the program announced on June 8, 2020, and to ask questions about the program

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June 11, 2020
AN UPDATE FROM NAW GOVERNMENT RELATIONS TEAM - 6.10

Fed officials continue to say that they will have the facility stood up in a matter of days, but as of today, they have announced no launch date.  We will continue to monitor the Federal Reserve for information and provide you with any relevant and timely updates.

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June 10, 2020
AN UPDATE FROM NAW GOVERNMENT RELATIONS TEAM - 6.9

Yesterday, the Federal Reserve expanded its Main Street Lending Program to allow more small and medium-sized businesses to be able to receive support.  The Fed lowered the minimum loan amount, raised the maximum loan limit, adjusted the principal repayment

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