Sam’s Club now offering small business loans
BENTONVILLE, Ark. — Wal-Mart’s warehouse chain Sam’s Club says it is offering small business loans of up to $25,000 to its business members.
The division of Wal-Mart Stores Inc., which is based in Bentonville, Ark., is testing a program with Superior Financial Group, one of 13 federally licensed non-bank lenders, and will offer $5,000 to $25,000 loans to members who qualify.
Sam’s Club says 15 percent of its business members reported they were denied a loan in a November survey.
The program will focus on minority-, women- and veteran-owned businesses.
Sam’s Club members who apply for a small business loan during the pilot will receive $100 off the application fee, a 20 percent discount and a discount on interest rates.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- DAVID DALLAS — Roger Wicker: Profile in discouragement
- Ecolab reducing Columbus workforce
- Tommy Robertson indicted on five counts of embezzlement
- State's ventures into alt-fuel markets net few jobs
- BILL CRAWFORD — More jobs, but fewer with jobs, huh?
- Lab owner loses challenge to 40 months in waste case
- ANITA MODAK-TRURAN — Mississippi’s motion picture renaissance
- MSU-CVM professor leads major reference publication
- Watch out for wildlife while driving on roads, highways