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Initially, approved sellers will have access to lines of credit from Marcus between $10,000 and $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.
“Last quarter, our Marketplace delivered triple-digit growth, and today we’re announcing a new partnership to help our Marketplace sellers grow their businesses,” said Jeff Clementz, vice president of Walmart Marketplace, in a news release. “Starting today (Sept. 22), eligible Marketplace sellers will be invited to apply for lines of credit offered by Marcus by Goldman Sachs.”
https://www.pymnts.com/news/partnerships-acquisitions/2020/walmart-goldman-to-offer-lines-of-credit/
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