Walmart Accelerates Commitment to Diverse and Minority Suppliers
05 May 2021 |
C2FO is proud to partner with Walmart and Sam’s Club on an expanded early payment program that provides diverse and minority-owned suppliers with access to the capital they need to grow.
Walmart announced the program expansion in an April 28 blog post authored by Scott McCall, chief merchandising officer for Walmart, and Megan Crozier, chief merchandising officer for Sam’s Club.
“We’ve heard loud and clear from current and potential diverse suppliers that the biggest challenge to achieving growth is the ability to gain access to working capital,” McCall and Crozier wrote. “That’s why we’re proud to announce, in partnership with C2FO, an expanded early payment program that provides these suppliers with convenient and consistent access to reliable funding sources.”
This partnership with Walmart and Sam’s Club furthers C2FO’s goal of positioning diverse suppliers for long-term success through convenient and consistent access to low-cost working capital. It’s an honor to play an integral role in Walmart’s ongoing efforts to support diverse suppliers who may be underfunded in our current financial system.
Qualified diverse businesses were able to take advantage of this new financing opportunity starting on May 3. To read Walmart’s full announcement, click here.
Here’s more about this important announcement, as reported in the following publications: