Intuit QuickBooks Capital Approved as a PPP Lender
In these challenging times, most small businesses are looking to navigate the government relief funding options. Many reaching out to their banks for the PPP loans are being turned away due to the amount of applications flooding the system. There is now another option.
QuickBooks Capital is now approved as a non-bank SBA approved lender for the Payroll Protection Program (PPP). They will work as a direct lender to simplify, automate and expedite the PPP application and funding process. This service is initially only available to QuickBooks Online Payroll customers starting around the week of April 20, 2020. Their plan is to expand the ability to apply to other customers, but initially they are focusing on their payroll customers because they readily have access to the payroll numbers necessary to complete the application. They are also working to expand this service to QuickBooks Desktop Payroll customers.
For more information, click here to read their press release.
Sara Sulzman - 4.15.20
