Sam's Club announced today that it will begin to offer loans ranging from $5,000 to $25,000 to some of its small business club members. This program is designed to help address the problem of decreased access to capital that many of Sam's Club's members have faced in this tough economic period and will mainly focus on lending to businesses owned by minorities, women, or veterans. In light of the continuance of credit restrictions and difficulty in obtaining loans, Sam's Club is joining other companies in creative solutions to allow their customers to bypass banks and traditional lenders.
Read more about this program here.
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