Monday, April 4, 2016
'Big Dogs' Helping Out Small Business -- Find Out How
Big retailers helping small business
Big companies such as Whole Foods, Martha Stewart Living, Miller Lite, Chase, FedEx and Wells Fargo are lending money to small businesses so they can fill contracts for the 'big dogs.' Whole Foods, for example, has loaned close to $18 million to its small suppliers since 2006. Other prominent large businesses are loaning amounts that range between $1,000 and $100,000.
Why the loans are good for both
It's a win/win situation for both large retailers and small business. Why? It means increasing business for both parties. In addition, small businesses get the advantage of low-interest loan rates with a payback period of 2-5 years. They also receive mentoring, networking opportunities, and the unique advantage of being able to get in on well established brands owned by very large companies.
No longer does there need to be a battle between the big dogs and small business. By working together, both can cash in on business growth.
Read more at marketexclusive.com/how-big-brands-can-solve-small-businesses-funding-dilemma/4567/