Intuit is partnering with OnDeck to launch the new QuickBooks Financing Line of Credit to provide faster access to lower-rate small business loans.

This financing solution will enable small businesses to use their QuickBooks Online data to apply for loan offers with the click of a button. Intuit and OnDeck will launch a new $100 million small business lending fund to back the new product.

The new QuickBooks Financing Line of Credit product will be powered by Intuit’s customer data and leverage OnDeck’s technology. It is designed to offer a better financing experience for established small businesses with strong credit. With product highlights that include lower rates, faster funding and flexible structures.