Quickbooks Capital Originated $1.9B in Business Loans Last Quarter

Small business owners are increasingly turning to their accounting software for funding rather than traditional banks. Intuit’s QuickBooks Capital reported a massive 54% jump in loan volume last quarter, reaching $1.9 billion in originations. This trend shows that integrated financial tools are becoming the primary way retailers and service providers manage their cash flow and expansion plans. For business operators, this growth suggests that the data already living in your accounting software is your strongest asset for securing capital. QuickBooks uses your real-time transaction history to approve working capital loans faster than a legacy bank could. If you are planning a showroom renovation, stocking up on seasonal inventory, or upgrading your service fleet, these embedded lending options are likely to be your most accessible path to funding. The rapid growth in this sector means more competition among fintechs, which often results in better terms and faster approval times for well-managed businesses. Keep your books clean; your accounting software is now your most important loan officer.

Source: deBanked

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