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Walmart Partners with Goldman Sachs to Offer Marketplace Sellers Access to Capital

September 23, 2020, 09:10 AM
Filed Under: e-Commerce
Related: Walmart

Walmart announced that sellers on its Marketplace e-commerce site will be able to apply for lines of credit offered by Marcus by Goldman Sachs. Access to affordable capital is more important than ever as businesses large and small work to adapt and evolve to serve customers and grow their businesses.

Initially, approved sellers will have access to lines of credit from Marcus between $10,000 - $75,000, and plans are to substantially increase the maximum line amount available in the future. The rates are competitive, with the most creditworthy businesses qualifying for the lowest rates.

Lines of credit offer businesses the flexibility to access money when they need, which could help them move fast and meet surging customer demand. It could also help fund innovation as we’re all working to adapt to constantly changing customer behavior and preferences.

"We often say we want to use our size and scale for good, and giving small businesses access to inexpensive capital is one way we’re doing this," said Jeff Clementz, Vice President, Walmart Marketplace. "Healthy small and medium businesses are critical for our communities to succeed, and we will continue looking for ways to help them navigate these unprecedented times."

To learn more about the program click here.

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