Times must be tough if one of the world’s largest retailers is planning on offering small business loans. MSNBC is reporting that Wal-Mart is teaming up with a lender to offer small business loans to some of our nation’s businesses. So, is the motive behind something like this to promote businesses to spend money at their stores? If that is in fact the case, is that really a bad idea?
The retail giant is reporting that in a recent survey, they conducted with their business clients, a large percentage of them were rejected for business loans. Therefore, in a effort to capitalize on these “unhelped” businesses, Wal-Mart teamed up with Superior Financial Group to offer these businesses a small business loan.
Good idea or not? If our “traditional” banks are not lending to consumers and businesses, is it really a conflict of interest to have a retail giant want to jump in and help? There seems to be no strings attached for these businesses and being required to only shop at Wal-Mart stores, however they are offering a discount on the Sam’s Club membership. Sounds like a good idea to me……

There may be more to working at Wal-Mart than welcoming guests with a smile and rolling down the prices!

According to msnbc.com employees at Wal-Mart may now be eligible to receive college credit for their in-store training and get a tuition discount towards a college degree. Wal-Mart has also committed to $50 million in assistance over a 3 year span to help it’s employees pay for books and tuition above the reduced rate at American Public university, an online school. American Public University has over 700,000 students, offers more than 100 certificate and degree programs. Wal-Mart also offers scholarships through its foundation and offers assistance to workers seeking GEDs. Executives believe that the link with the school will help workers land better jobs both inside and outside the Wal-Mart company.

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We all know how successful Wal-Mart has been in retailing. No matter what is going on with the economy, Wal-Mart has found a way to be successful. Well, it now appears they are getting aggressive on the internet as well.

In the past, Wal-Mart has had many of their products for sale via their Web site. Today, they announced they have added almost one million new items from outside sellers to their Web site.

The Walmart Marketplace has many product categories, and the retailer chose companies based on their product assortment and customer service. Orders will be placed on walmart.com, and will be managed and supported by the chosen retailer. Wal-Mart will take care of the shipping, handling, and customer service.

Needless to say, Wal-Mart has had great success, and it is safe to say that companies like Amazon and eBay will pay close attention to Wal-Mart’s activities. Can Wal-Mart have the same impact on the internet as they have had on smaller retail stores? Stay tuned.