Published September 17, 2015 8:38am EDT | Updated September 17, 2015 10:14am EDT

Intuit And OnDeck Partner To Offer $100 Million Small Business Lending Fund

Intuit and OnDeck said Thursday that they'll partner to launch a $100 million small business lending fund. The fund will be part of a new product by the two companies, which will allow small business to use QuickBooks Online data to apply for a loan. The loans will be funded quickly and offer annual interest rates between 8.9% and 19.9%, according to the press release.