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  • Any well capitalized company should implement a “quick pay” function to pay their invoices to small businesses faster (circumventing the normal billing cycle, which ranges from 30 to 45 days).

  • For banks and financial services companies, give these small businesses reprieve on their accrued interest.

  • Create a Shop Small campaign for small business e-commerce. For local small businesses who are online, give them your business.

  • Our grocery stores are not prepared to serve the entire population. Curb-side delivery and pickups are playing an important role in feeding communities. That said, we need to ensure that the businesses and individuals who are leading these efforts are taking every precaution to ensure their own safety and the safety of the communities they are serving.

“Together as leaders, we can use our balance sheets to ensure these small businesses remain a vibrant part of our communities and economy. By keeping small businesses alive and well, we in turn ensure that they can continue to pay their employees, serve the communities that rely upon them, and contribute to the supply chain that is critical to the success of many of our companies and the economy overall.”

-Ken Chenault, former CEO of American Express, Chairman and Managing Director at General Catalyst

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