Jul 22, 2010

Retailers Create Innovative Promotions To Stimulate Consumer SpendingBy Stephanie WilsonWUSA9.com

Sterling, Va. — “To run a business you need the money flow. You need the money to buy inventory,” says David Sun.

Sun has struggled to get a bank to loan him the money he needs to keep his convenience stores stocked. He says he’s not alone.

“Now the economy is slow. They need help. The reason I know, you know, is that a lot of small businesses are out of business,” he says.

So when the bank just says no, small business owners like David can now turn to Sam’s Club for that much needed capital.

“We have about 600,000 small business owners that come and shop at our stores,” says Lorne McGregor.

The Sterling, Virginia store manager says they all can apply for a loan from here when all other conventional routes fail.

“Small business members can get anywhere, loans from $5,000 to $25,000. And with our economy the way it is, I think it will be a big help to them,” he says.

Sam’s Club is not the only retailer trying to lure shoppers into its aisles. Office Depot is taking their deals and discounts even further.

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