We received a Loan of $207,000 but only received $150,000 so $57,000 is the payback I did not enter it as $207,000 in QBO i only did the $150,000 how do i correct this?

It's nice to see you again here in the Community forum, @Markwallace.

To correct the record of the loan received, you can create a deposit and use a Liability account. Or, create a journal entry to adjust your books.

That said, I recommend checking with your accountant for guidance on what's the best process for you in this kind of situation. Since each business has a unique structure, and it's the same with the accounts used when tracking transactions. 

Additionally, I want you to get the most out of QuickBooks for your business. You can check some articles that are designed to help you get acclimated with the software. They can be accessed at the following link: QuickBooks Tutorials.

Should you need anything else, let me know by commenting below, I'm always here for you. Have a wonderful day!