The Sam's Club division of retail giant Wal-Mart Stores Inc. said it would begin offering loans of up to $25,000 for its small business members.

The unit, based in Bentonville, Ark., said it is currently testing a pilot program with Superior Financial Group, a federally licensed SBA lender based in Walnut Creek, Calif., and will make available loans tiered from $5,000 to $25,000 to its members who qualify. Superior offers small business lending via its Community Express and Patriot Express programs.

The Sam’s Club program will focus on businesses owned by women, minorities and veterans.

Sam’s Club reported that some 15 percent of its business members were denied loans, according to a poll taken in November.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access