Tags: goldman | small | business | loans | amazon

FT: Goldman Talks With Amazon on Offering Small Business Loans

FT: Goldman Talks With Amazon on Offering Small Business Loans
(rvlsoft/assetsdelivery.com)

Monday, 03 February 2020 12:03 PM EST

Goldman Sachs Group Inc. is in advanced talks with Amazon.com Inc. to offer small- and medium-sized businesses loans in the United States on the e-commerce giant's lending platform, the Financial Times reported on Monday.

The project could go live as soon as March, the FT reported, citing two people familiar with the matter.

Goldman (GS) and Apple Inc. (AAPL) in March rolled out a virtual credit card to help build out the Wall Street bank's consumer business, which also consists of its online bank Marcus.

The Marcus consumer banking brand was launched in 2015 to even out volatile results from businesses such as trading and investment banking.

During Goldman's investor day last week, Chief Executive Officer David Solomon said Marcus was looking to capture business from smaller lenders who may have less resources to invest in offering better digital services.

Should the two companies reach a deal, Goldman will be adding itself to Amazon’s (AMZN) lending platform, which has been in place for years and is used as a way to strengthen the online retailer’s ties with small-business clients, Bloomberg explained. The loans are used mostly to provide merchants on the Amazon.com website with funding to procure inventory.

Goldman and Amazon (AMZN) did not immediately respond to Reuters' requests for comment on the FT report. 

© 2026 Thomson/Reuters. All rights reserved.


StreetTalk
Goldman Sachs Group Inc. is in advanced talks with Amazon.com Inc. to offer small- and medium-sized businesses loans in the United States on the e-commerce giant's lending platform, the Financial Times reported on Monday.
goldman, small, business, loans, amazon
215
2020-03-03
Monday, 03 February 2020 12:03 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved