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The 800 Pound Gorilla Entering Small Business Lending?

January 18, 2012

Everyone agrees QuickBooks dominates the small business accounting software market. How large does their reach extend?

Doesn’t matter. What does matter is Intuit, the developer of QuickBooks, is looking how it can earn revenue in the small business lending market.

Writes CPA Practice Advisor, Intuit president said yesterday, “that with its QuickBooks business management system, the company has detailed insight into how businesses are performing. With small business lending opportunities tight because of the reluctance of many financial institutions to qualify businesses for loans, the suggestion was that Intuit was looking at ways it could work with small businesses and lenders to help provide better financial strength assessments, which could help with the qualification process.”

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