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Intuit

How do I cancel my Paycheck Protection Program loan application within QuickBooks Capital?

Learn what to do if you want to cancel your Paycheck Protection Program loan application within QuickBooks Capital.

Learn what to do if you want to cancel your Paycheck Protection Program loan application within QuickBooks Capital.

Note: The Paycheck Protection Program has been extended to August 28, 2020. The SBA may issue additional guidance and we will update our resources accordingly. Please refer to the SBA and Treasury to confirm current program rules and how they apply to your particular situation.

If your application has not been submitted to the SBA and you want to cancel your PPP loan application within QuickBooks Capital, send an email to PPP-cancel@intuit.com.

Note: If you cancel your PPP loan application with QuickBooks Capital, it’s possible that the PPP funds may be fully allocated before you have a chance to submit another PPP loan application.

Please include the following information in your cancelation request email:

  • First and last name
  • Loan ID (you can find this in the Capital tab of your QuickBooks account)
  • Company name
  • Email address that was used to submit the application

This email address, PPP-cancel@intuit.com, is only set up for PPP loan application cancellations. If you have other questions, please see our PPP site, or contact us by signing into QuickBooks and opening the Chat function in the Capital tab. Once we receive your cancelation request, we hope to contact you within 2 business days to confirm whether we can cancel your PPP loan application.

You can cancel your PPP loan application anytime before your application is submitted to the SBA. If your PPP loan application has been submitted to the SBA, we're unable to cancel your application.

Regulations and guidance from the SBA and the U.S. Department of the Treasury on the PPP are evolving rapidly and the above information may be outdated.  Please refer to the SBA and Treasury to confirm current program rules and how they apply to your particular situation.

Given the large demand for additional authorized Paycheck Protection Program funds, not every qualified Paycheck Protection Program applicant will receive a loan. The funding described is made available to businesses located in the United States of America and are not available in other locations.

The QuickBooks Capital enabled Paycheck Protection Program loan application process supports certain single-owner and multi-owner businesses, as well as certain self-employed individuals.  QuickBooks Capital is not able to process applications from Schedule C filers who have employees, seasonal businesses, or recipients of an EIDL loan between January 31, 2020, and April 3, 2020. QuickBooks Capital does not support users located in AK, NV, nor the U.S. Territories.

QuickBooks Capital is licensed as Intuit Financing Inc. (NMLS # 1136148), a subsidiary of Intuit Inc. In California, loans are made or arranged under CFL Licensed #6054856.

Minimum loan amount varies by state.

Intuit Financing Inc. is a licensed lender in states that require a license. Our service is limited to commercial or business loans only. State licenses include: AK #10000990, CA #6054856, DC #ML1136148, FL #CF9901279, MD #03-2339, MN #MN-RL-1136148, NM #1899, ND #MB102690, RI #20183584SL, RI #20183583LL, SD #MYL.3279, TN #166418, VT #7194 and VT #7195.

Intuit Financing Inc., (d/b/a QuickBooks Capital) is an authorized SBA Paycheck Protection Program Lender.

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