Business credit is essential for businesses of all sizes. It can help businesses grow, invest in new opportunities, and weather unexpected financial challenges. Intuit offers a variety of financing and credit card options to help businesses manage their credit and achieve their financial goals.

What is business credit?

Business credit is a rating that lenders use to assess the creditworthiness of a business. Business credit is based on a number of factors, including the business’s financial history, profitability, and assets. A good business credit score can make it easier and cheaper for businesses to borrow money.

Why is business credit important?

Business credit is important for a number of reasons. First, it can help businesses borrow money at competitive interest rates. Second, it can help businesses qualify for trade credit from suppliers. Third, it can help businesses build a strong financial reputation, which can be beneficial when seeking investors or partners.

How can Intuit help businesses manage their credit?

Intuit offers a variety of financing and credit card options to help businesses manage their credit. Intuit financing options include business loans, lines of credit, and invoice financing. Intuit credit cards include the QuickBooks Business Cash Card and the QuickBooks Rewards Credit Card.

Intuit financing options

• Business loans: Intuit offers business loans of up to $250,000 with terms of up to 60 months. Intuit business loans can be used for a variety of purposes, such as working capital, equipment purchases, and inventory expansion.
• Lines of credit: Intuit offers lines of credit of up to $200,000. Intuit lines of credit can be used for unexpected expenses or to finance seasonal fluctuations in cash flow.
• Invoice financing: Intuit offers invoice financing to help businesses get paid faster. With invoice financing, businesses can sell their unpaid invoices to Intuit and receive cash immediately.

Intuit credit cards

• QuickBooks Business Cash Card: The QuickBooks Business Cash Card is a rewards credit card that offers 2% cash back on all purchases. The QuickBooks Business Cash Card also offers a 0% APR introductory period for 15 months on new purchases.
• QuickBooks Rewards Credit Card: The QuickBooks Rewards Credit Card is a rewards credit card that offers 5 points per dollar on QuickBooks Online and TurboTax Online purchases. The QuickBooks Rewards Credit Card also offers 1 point per dollar on all other purchases. Points can be redeemed for travel, merchandise, or statement credits.

How to choose the right Intuit financing or credit card option

The best Intuit financing or credit card option for your business will depend on your specific needs. If you need to borrow money to finance a large purchase, such as new equipment or inventory, a business loan may be the best option. If you need to cover unexpected expenses or finance seasonal fluctuations in cash flow, a line of credit may be the best option. If you need to get paid faster, invoice financing may be the best option. If you’re looking for a rewards credit card that can help you save money on business expenses, the QuickBooks Business Cash Card or the QuickBooks Rewards Credit Card may be the best option.

Conclusion

Intuit offers a variety of financing and credit card options to help businesses manage their credit and achieve their financial goals. By choosing the right Intuit financing or credit card option for your business, you can improve your credit score, save money on interest rates, and get the funds you need to grow your business.

Real-world example

Acme Corporation is a small business that uses Intuit QuickBooks Online and the QuickBooks Business Cash Card. By using Intuit products and services, Acme Corporation has been able to improve its credit score, save money on interest rates, and get the funds it needs to grow its business.

Conclusion

Managing business credit is essential for businesses of all sizes. By choosing the right Intuit financing or credit card option, businesses can improve their credit score, save money on interest rates, and get the funds they need to grow.