Maximum loans available to small businesses through the QuickBooks Capital have been raised to $100,000 for 12-month terms. Intuit reported this week that amount is up from $35,000 per business through the program which began last year. 

Luke Voiles, director of QuickBooks Capital, said in prepared statement the unit has loaned out $140 million in a year.

A majority of QB Capital customers have $500,000 or less in annual revenue and an average of 2.9 full-time employees. Microbusinesses, or businesses with fewer than four full-time employees represented 78 percent of participating businesses. More than 65 percent were in business for less than five years and 28 percent were in rural areas. 

Intuit also noted QB Online customers can access business credit score and credit reports for free through partnership with Dun & Bradstreet.

Last modified on Monday, 22 October 2018
Read 5067 times
Rate this item
(0 votes)

Visit other PMG Sites:

click me
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline