Wal-Mart founder Sam Walton’s vision when the first Sam’s Club opened its doors in 1983 was to, through the members-only warehouse retailer, bring the kind of savings on goods to small businesses that was available to big businesses with big purchasing power.
Now Sam’s Club is working with Superior Financial Group to step into a gap small-business owners say is hampering their ability to expand, and in some cases even function—financing. And that's just the first step in what Sam's officials hope will be a range of financial products for members, said a senior official with the company.
"We're going to go out there and find companies and products that understand the small-business space and bring those products to our members," Catherine Corley, vice president for membership, told Portfolio.com. [ continue reading ]
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