Square to buy Credit Karma tax biz for Cash App expansion
Square is buying the tax business of Credit Karma for $50 million to bring do-it-yourself tax filing to its Cash App customers. The deal has seen Credit Karma's acquisition by Intuit cleared by the Department of Justice.
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We love math. This year, file with Credit Karma Tax® and their Accurate Calculations Guarantee. https://www.creditkarma.com/tax
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I’m going to share with you how you can get up to $50,000 in capital for your business with no hard credit check. Yes, it is possible. We’re going to talk about it today.
Did you know that one of the data points used to approve your for an SBA loan is your transaction history? Again, not your credit score, but your transaction history…
If you’re selling something through PayPal or some other similar platform for your business. These third party websites actually keep track of this history. This data can unlock some incredible funding opportunities for you.
I’m going to talk to you about a little program called Veem Capital. It’s a fast an easy approval process and they don’t require credit inquiries to conduct business with you.
The approval process won’t involve your personal bank account, just the business transactions. They don’t require personal guarantees and they only consider commercial credit.
You can make payments with your credit card. Basically, Veem was created for people who need short term funds and need them FAST! And EASY!
If you’re a customer, you can get up to $50,000. If you meet the basic criteria, you will qualify for the basic capital program. It is only available to U.S. customers. Some of you guys aren’t from the U.S., but there are other options for you I will go over sometime later…
You also have to have an active account and have to have been in business for at least one year. The working capital cost sits at a 2% a month fee, which is completely affordable and any repayment is auto paid from your bank account.
Since this is a “short term” capital solution, the maximum you can have to use the capital is for 3 months.
The best part is, you can get access to funds in just one business day. Veem basically gives you the option to send and receive money, geared specifically to businesses. It also supports multiple payment methods like a bank account, which means instant deposits.
Usually there’s a 1% fee but if you decide to use a credit card for transactions, it’s a 2.9% fee.
Again, there’s not going to be a hard credit check, but they will be looking into your business credit and transaction history. The reason I’m talking about Veem is because this is just an easier way to get your ducks in a row.
This transaction history that Veem keeps track of is going to look great for you when you try to get your hands on that $50,000 business loan.
Obviously, the lack of a hard credit check is a great selling point and the terms are pretty competitive. Also, theres that $50,000 for three months.
Let me know what you guys think and if there’s anything I can help you with…
Also, let’s talk about this crazy credit union that will give you a loan, even if you have bad credit! This applies to personal loans and auto loans and it’s available for anyone thorughout the country… there is no geographical restrictions on this…
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Square to Buy Credit Karma [Free Tax Prep in Cash App!] Time to Buy $SQ?
Square to Buy Credit Karma! $SQ Will Break Big Banks! Square Stock’s growth is just getting started!
Have you ever wished your all-in-one finance app would HANDLE FILING YOUR TAXES FOR FREE TOO!? Square Cash App is about to bring that kind of hyper-convenience to the world.
How is this going to affect the Square stock moving forward?
Check out some of our other videos on SQ:
Released on November 12,2020: https://geni.us/SQNov182020
Released on August 5,2020: https://geni.us/SQAug2020
Looking forward to hearing your thoughts in the comments section!
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00:17 Channel update
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05:58 The Acquisition
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Hello Beautiful People! My first name is Shenice, but I go by one of my middle names (yes, I have more than one) Shibivia pronounced (Shy-Bivia). I was born and raised on the beautiful island of Jamaica. I am 28 years old and currently serve in the U.S Air Force while being a Flight Attendant on the civilian side and growing into a soon to be full-time entrepreneur! I said “I DO ” to my best friend on (02/20/20). I enjoy creating content, seeing what the world outside of home has to offer and you will more than likely find me at one of the top vegan restaurants in your town! On this channel, I share lifestyle and business related content and perhaps more Notary Loan Signing content since you guys have been asking for it. Thank you for stopping by!
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