- Intuit (NASDAQ:INTU) will start offering loans directly to the 7M small businesses using the company’s QuickBooks software.
- Businesses can borrow as much as $35K for up to six months with annualized interest rates between 6% and 18%.
- Amazon already offers loans to businesses using its platform and Facebook and Google plan to offer similar programs in the future.
- Intuit hasn’t revealed the amount of capital it plans to offer.
- Intuit shares are down 0.53%.
- Previously: Intuit will acquire cloud SaaS company (Oct. 26)