KeyBank and Intuit Launch Quicken Business CashFinder Online Lending Marketplace

Strategic Insights -

Small business owners in 13-state KeyBank branch network can now access loans and lines up to $35,000 and leases up to $150,000 through Quicken Business CashFinder, a new online lending marketplace. The platform profiles clients through credit and business questions and matches them to member institutions that meet their specific needs. KeyBank's vice chairman, Sandra Maltby, stated that this service aims to help business owners save time and find the capital they need.

Key Takeaways:

  • Quicken Business CashFinder is a lending marketplace that provides access to loans and lines up to $35,000 and leases up to $150,000 for small business owners.
  • The platform profiles clients through credit and business questions and matches them to member institutions that meet their specific needs.
  • KeyBank's vice chairman, Sandra Maltby, stated that the service aims to help business owners save time and find the capital they need.
  • The platform is available through the World Wide Web at http://www.cashfinder.com.
  • Quicken Business CashFinder is an additional way for KeyBank to reach new customers and audiences, attracting prospective small business customers through Intuit's web site.
  • The system is one way for small business customers to become more comfortable with online banking.

Statistics:

  • KeyBank has a 13-state branch network.
  • Quicken Business CashFinder offers loans up to $35,000.
  • Leases up to $150,000 are also available through the platform.
  • KeyCorp has assets of approximately $73 billion.
  • KeyBank has a presence in 46 states from Maine to Alaska.
  • The company has 2,200 ATMs, affiliate offices, and four telebanking centers.

Sources:

  • KeyCorp press release, dated May 13, 1998
  • Business Wire, James H. Bartholomew, May 13, 1998
  • KeyCorp's Web site, http://www.Key.com