Small and medium-sized businesses that sell on Walmart (WMT) Marketplace were invited on Sept. 22 to apply for business lines of credit offered by Goldman Sachs' (GS) Marcus. Marcus is Goldman's online consumer banking unit. This service is part of a new partnership between the retail giant and the Wall Street bank.
"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," said Jeff Clementz, vice president of Walmart Marketplace, in a blog post.
Walmart.com sellers who are invited to apply for a business line of credit will get a notification in the Seller Center dashboard.
Sellers initially can access lines of credit between $10,000 and up to $75,000. Over t...