Several media outlets have reported on C2FO Founder and CEO Sandy Kemper’s proposed Small Business Supplier Protection Plan to help solve the $16 trillion liquidity crisis currently facing small and mid-sized businesses. This excerpt is from an April 14, 2020 article in the Kansas City Business Journal:
Sandy Kemper, founder and CEO of C2FO, has a simple solution for the federal government to get more cash into the hands of small to midsize businesses: get large companies to pay invoices faster.
If the solution the Leawood-based company’s boss is offering the federal government seems familiar, that’s because it is. C2FO itself is the world’s largest market for working capital, offering a platform where buyers can negotiate discounts in return for early payment of invoices.
To help alleviate some of the coronavirus pandemic’s economic effects, Kemper is proposing a new federal program called the Small Business Supplier Protection Plan. The proposal would have the federal government lend money to Fortune 1,000 companies, which would in turn use it to pay their suppliers early.
Read the complete article here.
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