Marketplace sellers selling on the Walmart platform will have access to apply for credit lines from Goldman Sachs NYSE: (GS ).
Credit lines that will be available will start at $10K to $75K. Those amounts will be increased over time. Just like applying for any business loan, those that are the most creditworthy will receive the best rates.
As America’s biggest retailer (as of 2019) it still far outpaced Amazon in terms of revenue), it’s only logical that Walmart is rushing to keep up—and looking to cutting-edge tech to help. This week the company launched a pilot drone delivery program in Fayetteville, North Carolina. In partnership with drone company Flytrex, the mega-retailer is initially planning to use drones to deliver grocery and household items.
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