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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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June 08, 2020
AN UPDATE FROM NAW GOVERNMENT RELATIONS TEAM - 6.8

As the Coronavirus Pandemic continues to impact the United States economy and businesses across the nation, it can be hard to decipher how new regulations and laws may impact your business.  To help you manage these issues, starting today NAW is providing information about government actions,

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June 08, 2020
AN UPDATE FROM NAW GOVERNMENT RELATIONS TEAM - 6.4

As of today – yet again – no MSLP launch date has been announced.  However, it is anticipated that the facility will be operational within a few days.  We will continue to monitor the Federal Reserve for information and provide you with any relevant and timely updates.

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June 08, 2020
AN UPDATE FROM NAW GOVERNMENT RELATIONS TEAM - 6.3

Significant doubt exists about whether businesses will be eager to participate in the MSLP in part because of the interest rate and short 4-year loan term.  In its hour-long webinar today for borrowers on the MSLP, the Fed officials answer

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