In today’s CardFlash News Que: INTUIT (biz loans); CLEARENT (funding); CHASE (grants): BOFA (biz survey).
INTUIT – Intuit is investing in a new $100 million fund that will let small businesses use their QuickBooks Online data to access low-rate loan offers. The fund will include investment from Intuit and third parties. The fund will be available on the QuickBooks Financing platform, a marketplace of small business finance products.
CLEARENT – Clearent, a payment processing company, announced it has raised $25 million from FTV Capital. As part of this investment, Chris Winship, partner at FTV Capital, will join the company’s board of directors. Clearent has become the end-to-end payment processing platform of choice for merchant sales professionals, independent sales organizations (ISOs), independent software vendors (ISVs) and sales partners due to its proprietary state-of-the-art technology that delivers unique flexibility and efficiencies to merchants and sales partners.
CHASE – Chase is celebrating National Small Business Week with the launch of Mission Main Street Grants, a program that will award $100,000 grants to 20 U.S. small businesses. In addition, the 20 grant recipients will receive a trip to LinkedIn’s California headquarters to gain insights that will help them grow their businesses.
BOFA – Seven years after the Great Recession, two-thirds of Greater Washington small business owners (65 percent) report their businesses are still recovering, according to the spring 2015 Bank of America Small Business Owner Report, a semi-annual study exploring the concerns, aspirations and perspectives of small business owners in Washington, D.C. and around the country. Though many feel they have not completely recovered, they are more optimistic about their business growth, the economy and hiring plans than they were a year ago, based on findings in the spring 2014 report.