Since 2013, OnDeck has been the top financing provider on the QuickBooks Financing platform. This new and enhanced offering builds on an already successful partnership between Intuit and OnDeck. Flexible Structure – The Line of Credit product will help small businesses manage their working capital needs and provide peace of mind that they have dedicated financing in place.Painless Application – Small business owners can complete the loan application with a few clicks thanks to the seamless integration between QuickBooks and OnDeck.Faster Funding – Loans will be funded as fast as one business day, dramatically shortening a process that traditionally takes weeks with a bank.Lower Rates – Annual interest rates will range from 8.9% to 19.9%.It is designed to offer a better financing experience for established small businesses with strong credit. The new QuickBooks Financing Line of Credit product will be powered by Intuit’s customer data and leverage OnDeck’s industry leading technology. Intuit and OnDeck will launch a new $100 million small business lending fund to back the new product. This first-of-its-kind financing solution enables small businesses to use their QuickBooks Online data to apply for loan offers with the click of a button. (NASDAQ:INTU) is partnering with OnDeck ® (NYSE: ONDK), a leading platform for small business loans, to launch the new QuickBooks Financing Line of Credit to provide faster access to lower-rate small business loans. MOUNTAIN VIEW, Calif.–(Business Wire)–Intuit Inc. Quickbooks Data Fuels Small Business Success with One-Click Financing Powered by OnDeck
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