#MixxBiz: @SamsClub Provides Opportunity for Small Business Owners

Daniel Acker | Bloomberg | Getty Images

 SOURCE: Entrepreneur 

The new services “are not aimed primarily at generating revenue for Sam’s Club…we’re focused on increasing the value of Sam’s Club membership.” – CEO Rosalind Brewer

Buying in bulk is not the only resource small business owners can rely on at Sam’s Club. The chain affiliated with Wal-Mart has created a platform through its Business Lending Center that offers loans between $5,000 to $350,000, guaranteed by the Small Business Administration.

Sam’s Club already has several tools available to help aid existing small business owners, including credit card processing hardware and services, health insurance through Aetna, accounting and tax services and legal services, as well.

Members could save up to $2,300 a year buy purchasing in bulk and services through Sam’s, offering discounts up to 25%. With almost 50 million members, a good portion of them are small business owners who benefit from Sam’s Club bulk products. Members can also get a 20% discount on fees related to the loans.