QuickBooks Capital’s Small Business Lending Originations Surge

| By:


IntuitQuickBooks Capital, part of Intuit, originated $125M worth of small business loans in the fiscal quarter ending October 31, 2021.

For context, the company originated $232M across the entire fiscal year of 2021 ending on July 31st and $243M for the entire fiscal year of 2020. The company’s best fiscal year so far was 2019 when it originated $316M.

The company is now on track to surpass all previous years.

During the earnings call, CEO Sasan Goodarzi said that one of the company’s big bets is “to become the center of small business growth by helping our customers get customers, get paid fast, manage capital, pay employees with confidence and grow in an omnichannel world.”

“60% of small businesses struggle with cash flow and we are continuing to innovate to create solutions for customers to overcome this challenge,” Goodarzi said.

Intuit recently acquired Mailchimp and acquired Credit Karma last year.

Last modified: December 13, 2021

Category: Business Lending

Home Business Lending › QuickBooks Capital’s Small Business Lending Originations Surge


    Green Note Capital

    Fox Business Funding

    Better Accounting Solutions

    AMA Recovery

    Meridian Leads

    Flash Advance

    Main Street Finance Group

    Unique Funding Solutions

    South End Capital

    Total Merchant Resources

    CapFront

    CFG Merchant Solutions

    Vox Funding

    Legend Funding

    Accord Business Funding

    IAC - In Advance Capital

    Forward Financing

    ByzFunder

    Pearl Capital

    BizFund

    Fresh Funding

    Big Think Capital

    IOU Financial

    Hunter Caroline

    Balboa Capital

    Merchant Financing Leads

    Global Funding Experts