The new partnership is expected to help Walmart’s sellers grow their businesses
Walmart has partnered Goldman Sachs to provide online merchants with business credit lines.
Approved sellers will initially have access to credit lines between $10,000 – $75,000. The plans are expected to increase the maximum line amount available in the future. The rates are competitive, with the most creditworthy businesses qualifying for the lowest rates, Walmart states.
These credit lines offer businesses the flexibility to access money when they need it. That could help them move fast and meet surging customer demand. It could also help fund innovation as they’re working to adapt to changing customer behavior and preferences.
We’ve reported that Walmart has teamed up with Zipline to launch a drone delivery operation across the US.