PayPal and Intuit Become First Fintechs to Help SBA Lend Stimulus Capital

·Apr. 13, 2020·1 min read

Fintechs PayPal and Intuit were the first two non-bank lenders to be approved to lend through the Small Business Association’s emergency lending program; “This is a race to save jobs in the present and for the future,” PayPal CEO Dan Schulman said in a press release according to CNBC. “We are eager to deploy our capital and expertise to do our part in helping small businesses survive this challenging period.”; Intuit QuickBooks also said they would process payroll information to help small businesses get approved; while the two companies are the first to be approved they probably won’t be the last as more and more online fintech lenders apply for approval each day. CNBC

Emily Donato

With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

View all posts

PayPal and Intuit Become First Fintechs to Help SBA Lend Stimulus Capital

Are We About to Make a Quantum Leap in Small Business Lending?

Renton’s Take: Major Shifts for Small Business Lending?

Fiserv’s Sachdev on stablecoins’ evolution

Visa’s Director of Product Management on BNPL’s Future