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03 - Raising Capital Funding Options for Small Businesses

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Old 07-12-2010, 06:34 PM
Karen123456's Avatar
Karen123456 Karen123456 is offline
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Smile Sam's Club will offer small-business loans

Sam's Club will offer small-business loans

Wal-Mart's Sam's Club chain is teaming up with a lender to offer loans of up to $25,000 to its small business members.

The program is one of several moves the retail giant has made to offer bank-like financial services to customers, in part to help them spend. It also comes as the retailer tries to improve profitability at its warehouse-club chain.

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 nonbank lenders, and will offer $5,000 to $25,000 loans to members who qualify. They don't have to spend the money at Sam's Club.

Source
http://www.msnbc.msn.com/id/38103657...s-us_business/

Karen
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