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April 17, 2020
An Update from NAW Government Relations Team - 4.17

On Wednesday, the Paycheck Protection Program (PPP) exhausted its funding forcing the Small Business Administration (SBA) to stop accepting applications for job-saving loans.

April 17, 2020
An Update from NAW Government Relations Team - 4.16

Yesterday evening, the Paycheck Protection Program (PPP) exhausted its funding forcing the Small Business Administration (SBA) to stop accepting applications for job-saving loans. According to a press release from Treasury Secretary Mnuchin and the SBA, “By law, the SBA will not be able to issue new

April 16, 2020
What to Do When COVID-19 Comes to Your Workplace

With the number of coronavirus cases growing exponentially across the country, all companies can expect to have at least one of their employees diagnosed with COVID-19, if they haven’t already. By establishing and communicating clear expectations and procedures now, you will help your employees know

April 16, 2020
ACTION NEEDED: Main Street Lending Program

There is a provision in MSLP New and Expanded Loan Facility term sheets that requires a borrower to calculate and deduct from its maximum loan the amount of its “committed but undrawn debt.” While the apparent intent of this provision is to require a business to use its available debt/credit before

April 15, 2020
An Update from NAW Government Relations Team - 4.15

NAW President Dirk Van Dongen has been named by President Trump to his new industry advisory group on reopening the economy. Key distribution industry CEOs also named include Mike Kaufmann of Cardinal Health, Bryan Tyler of McKesson, Kevin Hourican of SYSCO, and Marc Casper of Thermo Fisher Scientif

April 14, 2020
An Update from NAW Government Relations Team - 4.14

Today, NAW called on Congressional Leaders to quickly pass legislation increasing funding for the small business Payroll Protection Program. The initial $349 billion allocated for this program will have been completely spent by the end of this week, and Congress needs to act quickly to replenish the

April 10, 2020
An Update from NAW Government Relations Team - 4.10

Neither the Fed nor Treasury has released any additional information or guidance on the newly launched lending facilities. Based on what NAW and our colleagues have learned from our combined resources, it takes time for the Fed to stand up a new lending facility and additional guidance will be made