Even though I’ve never been a huge Wal-Mart fan, have to give the company credit for offering small businesses loans of up to $25,000 through its Sam’sClub division.
It will be interesting to see how many loans the company actually makes and what the details are.
Regardless, it’s a pretty savvy move. Undoubtedly, it will bring Sam’s Club new member and any new source of funding is good news for small businesses.
I would be interested in hearing from businesses that apply for Sam’s Club loans.