Empowering Small Businesses with New SBA Financing Options

New Collaboration Enhances Small Business Financing

Intuit QuickBooks Capital users can now apply for SBA loans through a trusted lending network, powered by iBusiness Funding's innovative technology.

Seamless Access to Capital

In a significant move to support small businesses, iBusiness Funding has announced a collaboration with Intuit to enhance funding opportunities for their mutual customers. This partnership aims to simplify access to SBA loans, building on iBusiness Funding's existing offerings that include traditional business loans via Intuit QuickBooks Capital. With this new integration, users can now seamlessly apply for SBA products through a network of approved SBA lenders, directly within the Intuit QuickBooks Capital Marketplace.

Small business owners are consistently challenged by the complex nature of traditional financing routes. Even though SBA loans offer attractive terms, they often come with their own set of hurdles. Recognizing these challenges, iBusiness Funding and Intuit are working together to provide a more streamlined, efficient application process, leveraging QuickBooks' extensive capabilities. This collaboration aims to foster an environment where accessing capital becomes less about overcoming barriers and more about facilitating growth.

Revolutionizing the Application Experience

iBusiness Funding takes pride in being at the forefront of technological advancements in the financing industry. Their recent introduction of LenderAI—a comprehensive AI Loan Origination Solution—exemplifies this commitment. LenderAI simplifies the application process, ensuring security and compliance are paramount while making the funding experience more accurate and user-friendly.

Kos Joshi, CBO at iBusiness Funding, expressed enthusiasm about the partnership, stating, "Working with Intuit’s QuickBooks Capital makes SBA financing options more visible than ever before. By embedding access to SBA loans through our tech platform within QuickBooks, we’re excited to support small businesses that may have previously faced challenges in obtaining funding. This collaboration is about inclusivity—providing options that are flexible and cater to various business needs. Together, we’re redefining accessible finance on a larger scale."

Convenient Access to Customized Loan Offers

This collaborative integration is now live, allowing small business owners using QuickBooks to access tailored loan offers through iBusiness Funding's lender network. By utilizing the financial information already stored in QuickBooks, the process becomes smoother and more straightforward, significantly reducing paperwork and manual data entry. This innovation aligns perfectly with the expectations of QuickBooks customers who prioritize simplicity in their banking solutions.

Todd Denbo, VP & Commercial Leader for Money Offerings at Intuit, highlighted the importance of this partnership, stating, "QuickBooks Capital is dedicated to offering comprehensive lending solutions that respond to our customers' evolving needs. While we have already been facilitating financing through QuickBooks, expanding our collaboration with iBusiness Funding to include SBA loans reinforces our commitment to providing personalized funding options that cater to varying business requirements."

About iBusiness Funding

iBusiness Funding stands out as a premier provider of lending solutions tailored to banks and lenders, specializing in SBA lending programs. With an unwavering focus on simplifying the lending process, the company has empowered lenders to efficiently disperse billions in SBA loans to small and medium-sized enterprises, handling over 1,200 applications daily. Owned by Ready Capital Corporation, iBusiness Funding plays a critical role in making capital accessible to deserving businesses.

Frequently Asked Questions

What is the partnership between iBusiness Funding and Intuit about?

This partnership aims to provide small business owners with easier access to SBA loans through QuickBooks, enhancing funding options through a trusted network.

How does LenderAI enhance the loan application process?

LenderAI streamlines the application experience, ensuring user data security while simplifying the process to make it more efficient and transparent.

What benefits do SBA loans offer small businesses?

SBA loans provide favorable terms, including lower interest rates, longer repayment periods, and more flexible eligibility requirements, which can significantly aid small business growth.

How can small businesses access these new financing options?

Small business owners can access the new SBA loan options directly through the Capital tab within QuickBooks, leveraging their existing financial data.

Why is access to capital important for small businesses?

Access to capital is crucial as it allows small businesses to invest in growth, manage cash flow, and navigate financial challenges, which ultimately contributes to their success and sustainability.

About The Author

Hello Kelly Martin here, a financial and publicly traded company specialist committed to writing with clarity and sage advice. Having a wealth of experience and a thorough grasp of corporate dynamics and the financial environment, my main goal in writing blog posts and articles is to provide insightful analysis together with useful guidance. My objective is to arm readers with the information they need to comprehend the complexities of publicly traded companies and make wise financial decisions.

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