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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

April 09, 2020
An Update from NAW Government Relations Team - 4.9

As you know, we have been working with our trade association allies to urge the Treasury Department and the Federal Reserve to move forward ASAP with guidance on the loan programs to help companies with more than 500 employees.

April 08, 2020
Against the Grain: Special Edition (April 7, 2020)

Ours is an industry where we’ve long valued the opportunity to shake hands and look a business partner in the eye when negotiating significant deals. That’s probably why we (or maybe just those of us who are a little more tenured) have been slower to adopt technologies like virtual conferencing inst

April 06, 2020
An Update from NAW Government Relations Team - 4.4

We have reported previously on the small business-focused Paycheck Protection Program in the CARES Act. NAW and our association colleagues have been urging the Treasury Department and Small Business Administration (SBA) to get this loan program activated as quickly as possible – and more quickly tha

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