Company preparing to accept applications for billions of dollars in requested PPP relief next week
Intuit announced its subsidiary Intuit Financing Inc. (DBA QuickBooks Capital) is now a non-bank SBA-approved lender for the Paycheck Protection Program (PPP), paving the way for small businesses and other eligible applicants to apply for PPP federal relief through the fintech company’s QuickBooks Capital systems. Through PPP, QuickBooks Capital has the potential to help its existing small business customers and others keep millions of employees on their collective payrolls.
Read More: WorldRemit Partners with Wizall Money to Launch its First Mobile Money Transfer Service to Senegal
“Our goal is to get relief money into the hands of as many eligible applicants as possible, as fast as possible”
As a direct lender, QuickBooks Capital is able to simplify, automate and expedite the PPP application and funding process. QuickBooks Capital can assist applicants in determining eligibility and automating much of the application process. QuickBooks Capital can then facilitate the federal relief application process and, in coordination with the Small Business Association, disburse PPP funds, allowing quicker access to relief.
Read More: Finhabits Launches Microlearning Journeys to Help Diverse Communities Build Healthy Financial Habits
“We are focused on getting help to customers as quickly as possible as they navigate this unprecedented and challenging time,” said Alex Chriss, EVP and GM of QuickBooks. “As the financial source of truth for millions of small businesses, we have a unique opportunity to help remove friction from the system. QuickBooks Capital will automate much of the application process so small businesses and other eligible applicants get relief quickly. Our customers are resilient but they are suffering. Thanks to the work done by the government to pass a massive relief bill, we will apply our resources to help small businesses access the relief they need.”
Read More: Invoia Re-Brands, Focuses on Small Businesses With Recurring Revenue
