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.
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Walmart, Goldman partner to offer credit to marketplace sellers
“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.”
