Wall Street giant Goldman Sachs (GS) opened its doors up to Main Street last year, launching an online consumer lending arm called Marcus: By Goldman Sachs.
Named after one of the banks original business partners Marcus Goldmanwho started the firm 147 years ago with Samuel Sachsthe new retail platform allows credit-worthy borrowers to apply for fixed-rate, no-fee loans of up to $30,000 for periods of two to six years.
Our purpose is to help credit-worthy Americans manage credit card debt better, Harit Talwar, head of Digital Finance at Goldman, told Yahoo Finance in the video above.
Traditionally, Goldmans clients have included corporations, financial institutions, governments, and high-net-worth individuals. During the 2008 financial crisi…