QuickBooks Capital Has Already Funded $683M in Cumulative Business Loans

QuickBooks Capital has funded $683 million in cumulative small business loans since Intuit launched the program in late 2017. This excludes the $1.2 billion in PPP loans the company facilitated, according to the latest quarterly earnings report.

Showing optimism, Intuit recorded revenue of $1.8B in Q4 and $7.7B for the fiscal year, up 13 percent.

Among Intuit’s leading products is TurboTax, which experienced its strongest customer growth in four years. Growth was also strong with QuickBooks online payments, QuickBooks Online payroll and TSheets.

Intuit announced that it was acquiring Credit Karma for $7.1B in cash back in February.

Kevin Travers was a Reporter at deBanked.