Getting your player ready...
NEW YORK — 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 banklike 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.
Sam’s Club 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.
