Quickbooks Capital provides funding for QuickBooks small business customers. We review your business’ attributes and overall business health from the business details you enter in QuickBooks, as well as other relevant information. This lets us offer small businesses greater access to funding than many other lenders.
How does QuickBooks Capital work?
We analyze your business and banking transactions within QuickBooks. When you apply for a loan, we also review your personal and business credit reports. We take all of this information into consideration when creating a customized loan offer for you.
How does QuickBooks Capital determine eligility for business funding?
We look at several factors to determine your eligibility for a business loan. This includes, but is not limited to, your business history within QuickBooks, transactions within your business bank accounts, your personal and business credit history, and current liabilities. In general, we look for a FICO of 580 or higher, and at least $50,000 in revenue in the past year. Applicants shouldn’t have any bankruptcies (personal or business) in the last two years. Since every business is unique, we can’t guarantee that all applicants meeting these criteria will be eligible for our business loans. Each application is considered individually and decisions are based on our guidelines.
Am I eligible to apply for funding?
To be eligible to apply for QuickBooks Capital, you must have:
Clear picture of your business, ideally 6 months of activity within your QuickBooks account
Personal and business credit history, including a personal credit score of 580 or higher
Primary business bank accounts connected through QuickBooks Capital
Revenue of at least $50,000 over the past 12 months