As the Tigard Chamber of Commerce, we view ourselves as first responders to the Tigard Business Community. As we continue deeper into this time of uncertainty, the Chamber knows that the one thing you need right now to keep your business afloat is cash, period. To do something about this, we, along with over 80 chambers of commerce and business association, have joined the Save Small Business Coalition (SSBC).
Many businesses do not qualify for disaster loan programs and some can’t afford to incur additional debt. The SSBC believes that with a federally funded backstop to cover the business continuity expenses through defined grants to impacted business owners, insurance carriers and agents could potentially act as a distribution center for funds and likely help define the terms of the grants based on their experience as claims payors and policy writers. The coalition advocates that Government funding be provided to the insurance carriers for a streamlined process without adversely impacting the overall insurance safety net.
In addition to engaging the government, SSBC is seeking the collaborative support of not only Chamber of Commerce members across the country but many of the largest insurance industry associations representing carriers, agents and brokers. The faster all of these organizations can collaborate and work together to find a federally funded solution for small business continuity that can be dispersed immediately to small businesses, the quicker the vital heartbeat of the American economy can be saved.