Yes. You can create the account and then add a balance when you actually receive funds. If it is an existing loan with a balance however you might want to enter a beginning balance so that it posts to Opening Balance Equity OBE
Hello there, @maryellen1.
I'd be happy to share with you some details about setting up a loan account in QuickBooks Online.
Yes, john-pero is correct, you can set up a loan account without adding its amount.
Let me guide you how:
Once done, you can go back to the account and set up the amount at your most convenient time. Here's a great article that you can check out this process: Record a loan and its payment.
That should do it.
Feel free to reach back out to me should you need anything else about this concern. Have a great day ahead.