Is your company seeking capital? Maybe you should join Sam’s Club. The warehouse shopping centers, a division of Wal-Mart Stores Inc., have announced the test launch of a small-business loan program in partnership with Superior Financial Group LLC. Qualified small business members of Sam’s Club will be eligible for loans of $5,000 to $25,000 from Superior Financial.
Sam’s Club said the program will focus on serving “Main Street minority-, women- and veteran-owned small businesses as well as micro-entrepreneurs.” Sam’s Club appears to be onto something. According to a survey conducted by the company, and reported by Bloomberg Businessweek, nearly 15 percent of Sam’s Club business members said they had been denied a loan during the month of November 2009.
To read the full, original article click on this link: Sam’s Club Dives Into Small Business Lending
Author: Anita Campbell
