Walmart Sam’s Club To Offer Small Business Loans

The Sam’s Club division of Walmart WMT, which primarily does business with small companies, means to do what banks will not. It has started a test program to offer loans of as much as $25,000 to its members. The move is carefully calculated and based on business loan trends that have been in place since the recession began. “Only half of small businesses that tried to borrow last year got all or most of what they needed, according to a survey by the National Federation of Independent Business. In the mid-2000s, 90% of businesses said they got the loans they needed,” Sam’s Club said. To read the rest, head over to 247WallStreet.com