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Stock impact report

Intuit QuickBooks Capital Approved as Paycheck Protection Program (PPP) Lender

Intuit Inc. (INTU) 
Last intuit inc. earnings: 2/24 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.intuit.com
Company Research Source: Business Wire
Company preparing to accept applications for billions of dollars in requested PPP relief next week1 in 12 American employees is paid through QuickBooks Payroll MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Today, Intuit Inc. (Nasdaq: INTU) announced its subsidiary Intuit Financing Inc. (DBA QuickBooks Capital) is now a non-bank SBA-approved lender for the Paycheck Protection Program (PPP), paving the way for small businesses and other eligible applicants to apply for PPP federal relief through the fintech company’s QuickBooks Capital systems. Through PPP, QuickBooks Capital has the potential to help its existing small business customers and others keep millions of employees on their collective payrolls.As a direct lender, QuickBooks Capital is able to simplify, automate and expedite the PPP application and funding process. QuickBooks Capital can assist applicants in determining eligibility and automating much of the application process. QuickBooks Capital can then facilitate the federal Show less Read more
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