Additionally, QuickBooks OnlineĬustomers can now access their free business credit score and credit That QuickBooks Capital now offers loans of up to $100,000 to smallīusinesses up to twelve month terms. Offered loans up to $35,000 for small businesses. When Intuit initially announced QuickBooks Capital in 2017, the product Increased Loan Amount and Free Access to Business Credit Score and Without a loan from QuickBooks Capital, they would not have expanded or They received helped them grow their business, and 41 percent that Reserve study, 70 percent of businesses younger than five years needįunding to grow, but only 23 percent of them get the funds they need.Īdditionally, 90 percent of QuickBooks Capital customers said the funds Small business under two years less eligible to apply for the loan. Manual underwriting processes, which make it unprofitable for theĬompanies providing the loan but more importantly often make the young Struggle to get access to traditional loans. Working capital loans through products like QuickBooks Capital areĮspecially important to underserved, young small businesses who often Understanding and better manage their cash flow. Intuit also announced increased lending limits and access to aīusiness’ credit score to help small businesses gain a better With these findings, QuickBooksĬapital has funded $140M in cumulative loans to worthy small businessesīy leveraging leading edge data science to create a breakthrough credit Since launching, Intuit found 60 percent of QuickBooksĬapital customers would likely not get a loan elsewhere, and 46 percent QuickBooks small businesses get access to the capital they struggle to (Nasdaq: INTU) today shared theĬapital, an innovative lending product that helps millions of
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