The fund will be utilized as part of QuickBooks Financing Line of Credit.
Intuit says the application can be quickly completed because of integration between QuickBooks and OnDeck, which has been a source of capital for the program since 2013. Intuit says the application can be quickly completed because of integration between QuickBooks and OnDeck, which has been a source of capital for the program since 2013.
A year ago, CEO Brad Smith said Intuit was matching small businesses with lenders and had secured 70-percent acceptance that brought $45 million in loan commitments. Intuit is utilizing QuickBooks data to help demonstrate credit worthiness of applicants
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