A weekly note to connect with our members
April 23, 2020
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TRASA Toolbox Talks
Wednesdays @ 10 a.m.
Bring your cup of coffee or tea and pull up a seat!
Wednesday, April 29 from 10 to 11 a.m.
A weekly opportunity to chat with suppliers on Wednesdays - connect, sharpen your tools, and explore some new ones.
Talk with Jenn Edwards, Trimark; Kris Fredericks, Moderne Glass; and Jake Huffmyer, Pittsburgh Print House
TRASA members will receive a Premier Member credit for attending.
Seeking suppliers to join the Toolbox Talks - email Patti Ward if you would like to participate patti@trasa.net
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Suppliers Can You help?
Q: Who sells guitar picks? Email patti@trasa.net if you do.
Q: Distributors want to know where to buy masks. If you sell masks, please email Patti Ward with the following:
- your company name
- your name and contact information
A list will be compiled for the next weekly newsletter (on April 28)
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TRASA Tailgate Happy Hour
Join Us Thursday, May 7 from 4 to 5 p.m.
Bring your own drink, pull a chair up to your monitor and visit with TRASA Members
TRASA members will receive a Premier Member credit for attending.
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April / May Webinars
Have lunch with us and learn!
Join us for our free regional webinar at your desk!
12:30 - 1:30 p.m.
Suppliers if you would like to do a webinar let us know!
Email Patti Ward, patti@trasa.net.
Attendance at the webinars has been 40-200 people at each session.
Watch the District 1 webinars and receive PPAI credit on your
transcript towards your TAS, CAS, or MAS!
Friday, April 24
Presenter:
Jessica Zanke, 3M Promotional Markets
Topic: Sticking Together With 3M Promotional Markets
Wednesday, April 29
Presenter Jeff Hinds, ETS
Topic:
Sharing Creative Ideas at a Safe Distance
Thursday, April 30
Presenter: Jeff Beja, Delta Apparel
Topic: Delta Apparel – More Than Just A Tee Shirt
Friday, May 1
Presenter: Adam Morales & Harold Wood, BIC Graphic
Topic: Tools and Tips Through the Quarantine and Beyond
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Contact Ben Haynes, Corporate Program Manager, at ben.haynes@qti.com or call
214.560.4551
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Senate Passes Relief Bill Replenishing
SBA Loan Programs
Provided by PPB Newslink:
The U.S. Senate yesterday passed another multibillion-dollar coronavirus relief bill aimed at replenishing funding for two SBA loan programs after initial funds were quickly depleted. On Tuesday, the Senate passed the Paycheck Protection Program and Health Care Enhancement Act, authorizing another $484 billion in relief funding to mitigate the economic impacts of the coronavirus pandemic. The new legislation amends the
Coronavirus Aid, Relief, and Economic Security (CARES) Act
, which was signed into law on March 27. The signature features of this bill are that it amends the
Paycheck Protection Program (PPP)
, the Economic Injury Disaster Loans and
emergency grants
, all of which are being administered by the Small Business Administration (SBA). The bill passed the U.S. Senate via unanimous consent vote and must pass the House of Representatives and be signed into law by the president before any of its provisions can be implemented by the
Small Business Administration
.
The Paycheck Protection Program and Health Care Enhancement Act appropriates an additional $321 billion in funding for the Paycheck Protection Program. This federal initiative, which falls under the SBA's section 7(a) loan program, offers low-interest loans to help small businesses, certain nonprofit organizations and individuals impacted by the coronavirus pandemic. The loan availability is retroactive to February 15 and remains effective until June 30. These loans would be available during the covered period for any business with 500 or fewer employees, including independent contractors and sole proprietors.
Qualified borrowers may receive PPP loans up to $10 million, and the loan amount may qualify to be forgiven if the funds are used for approved purposes, including payroll costs, rent and utilities. Part of the appropriation for the additional Paycheck Protection Program funding includes $60 billion for smaller financial institutions. This provision sets aside $30 billion in PPP loans for banks and credit unions that have between $10 billion and $50 billion in assets, and $30 billion in PPP loans for community banks and credit unions with less than $10 billion in assets. This is the Senate's attempt to ensure that some of the PPP loan funding is directed to small businesses. The CARES Act also expanded the eligibility criteria for SBA section 7(a) loans with respect to this program. This expansion was not affected by the Enhancement Act. Those who may be interested in the PPP loans, including independent contractors and sole proprietors, should contact their bank.
The Paycheck Protection Program and Health Care Enhancement Act adds $50 billion to the congressional authorization for the Economic Injury Disaster Loan (EIDL) program, and an additional $10 billion for EIDL emergency grants. The emergency grants can be used to cover businesses' operating costs. The CARES Act authorized the SBA to expedite the grants so businesses may receive a portion of the EIDL funding within three days of applying. These loans are forgivable if a borrower provides sufficient documentation to the lender to substantiate qualified uses of the funds for forgiveness purposes. The covered period for these loans is retroactive, from February 15 until June 30. Small businesses and nonprofits with 500 or fewer employees are eligible to apply for this program. The CARES Act also expanded the eligibility criteria for this loan program, and the Enhancement Act does not affect the expansion. Under the Enhancement Act, sole proprietors and independent contractors should remain eligible for this funding. Anyone who is interested in an Economic Injury Disaster Loan may apply through the SBA application process
here
.
The Paycheck Protection Program and Health Care Enhancement Act makes several amendments to the CARES Act, which was passed to help businesses mitigate their coronavirus-related losses. Like the CARES Act, the new legislation, if enacted, will authorize federal funding for states, companies, individuals and other entities adversely affected by the coronavirus pandemic.
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Reminder!
Check Out the New TRASA Website
Check your inbox for an email that was sent (4/15) inviting you to log on to the new website. TRASA is using Wild Apricot (WA) for the new site. WA is an member/association based platform and is a perfect fit for TRASA.
In the email you will find your website user ID.
When you go to the website, you will have an opportunity to choose your own password.
Once you create your password, you can log in to the members only tab on the upper right corner to access the following:
- register for the upcoming webinars
- access the membership listing and sort it by name, company or member type (supplier, multi line rep, distributor, decorator or business services)
- access the 2020 coupon book link
- access the multi-line rep listing
- register for webinars in the webinar library
The owner or principle of each company is considered the bundle administrator and can make edits to your company listing.
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