Tuesday, July 6, 2010

Suppliers become banker of last resort if they can.

Marketwatch.com, Angela Moore shares a developing trend in this story,

Sam's Club, a unit of Wal-Mart Stores Inc., said Tuesday it was testing a program to offer qualified members small-business loans in amounts ranging from $5,000 and $25,000. The service would be offered online through a partnership with Superior Financial Group

In its announcement, the retailer cited studies in which small businesses weren't able to get loans.