Sam's Club Offers Small Business Loans - KFDA - NewsChannel 10 / Amarillo News, Weather, Sports

Sam's Club Offers Small Business Loans

AMARILLO, TX - In light of the credit crunch, the retail chain is now accepting applications for small business loans.

This comes after nearly 15 percent of the chain's business members were denied loans from banks over the past year. Sam's Club is gearing its efforts toward businesses owned by women, minorities and veterans.

Local entrepreneurs tell NewsChannel10, getting loans with the nation's economic state has been very hard. They are happy there are now other avenues for small businesses to gain capital.

Members who qualify can borrow between $5,000 and $25,000. The company also boasts it will lend the money for much lower interest rates for its members.

 

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