Walmart partners with Goldman Sachs to offer sellers business credit lines
Walmart have partnered with Goldman Sachs to offer eligible SMBs selling on the Walmart marketplace the opportunity to apply for business lines of credit to help them work to adapt and evolve to serve customers and grow their businesses.
As Walmart paves its way as a primary shopping destination helped by its expanded marketplace, the announcement of a new partnership is made to further help the growth of its merchants on the platform. For now, approved sellers will have access to lines of credit between $10,000 and $75,000, with plans to be increased further down the line. One of the features that make this particular opportunity great for sellers is the competitive rates, with the most creditworthy businesses qualifying for the lowest rates.
Lines of credit allow businesses flexible access to money that could influence their business greatly by helping them adapt to constantly changing customer behavior and preferences. Recent changes in the physical world has evolved the digital world, creating a need for businesses to move fast and meet surging customer demand and opportunities like this make it a lot easier.
Walmart recognizes the important impact that healthy small and medium sized businesses have on the success of communities and so are working to make navigating the new world easier with things like flexible and inexpensive capital.