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White House Expands Working Capital Access Program for Small Firms

SBAThe White House and the Small Business Administration moved to help small firms grow by expanding the government’s working capital access program for small businesses.

Twenty-one additional companies have joined the SupplierPay initiative, under which they have committed to pay small suppliers within a short period or provide them with low-cost access to a financing service, the White House said Monday.

The White House also held a SupplierPay working session on Monday, where existing and new SupplierPay member companies discussed how to implement the SupplierPay program and monitor the impact of this initiative.

New SupplierPay members are:

  • Akima
  • Chenega
  • Chugach Alaska
  • Cook Inlet Region
  • ConAgra Foods
  • Dominion Resources
  • Dun & Bradstreet Credibility
  • Intel 
  • Hallmark Cards
  • Kaiser Permanente
  • McGraw Hill Financial
  • Nova Corp.
  • Oracle
  • Sacramento Municipal Utility District
  • Sealaska
  • Siemens
  • Sempra Energy
  • Southern California Edison 
  • 3M Co.
  • Xerox 
  • Zappos.com

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