Manage expenses and increase cash flow with QuickBooks Line of Credit

Learn more about QuickBooks Line of Credit.

Managing expenses and waiting weeks for invoice payments can restrict your cash flow. QuickBooks Line of Credit is made to help small businesses receive flexible funds to cover any business need.

QuickBooks Line of Credit: What you need to know

With a QuickBooks Line of Credit credit limit, you can draw cash to cover business expenses and get invoice advances instead of waiting on net terms. For both types of draws you can  get funds as fast as 1-2 business days¹

QuickBooks Line of Credit eligibility

You must have an active QuickBooks subscription and be a QuickBooks Payments customer to use QuickBooks Line of Credit.

There are many factors that decide if your business is eligible for QuickBooks Line of Credit. A few examples are your QuickBooks business history, transactions in business bank accounts, invoice history, business credit profile, and as the personal guarantor, your personal credit profile.

Get started with QuickBooks Line of Credit

Sign in to your QuickBooks account and go to Invoices and then select QuickBooks Line of Credit. Select Get started and fill out an application. If approved, you can fund eligible invoices, and can take cash draw loans if you qualify. You can apply with or without an invoice. If you are approved and accept the terms, you’ll have a credit limit to use to draw cash/ fund other eligible invoices. If you apply with an invoice, if you’re approved and accept the terms, funds will be sent to you typically within 1–2 business days.¹ 

The application process doesn't affect your personal credit score.

Every business is different, so each application is considered individually. Decisions are based on your business and personal credit risk profile, current guidelines, and applicable laws. Program terms and credit limits may change over time.

The lender can change or revoke your credit limit for any reason, at any time. Reasons can include, but aren’t limited to, if something changes with your business or personal credit profile, irregularities with your business or identity, or if you cancel or suspend your QuickBooks Payments account.

How QuickBooks Line of Credit works

To take a cash draw, here’s the process²:

Select Draw cash and enter any amount from $258 to your available credit limit. Select Next, review your loan terms and then select Accept and submit. 

• There are no origination or late fees. The full amount will be deposited into the business bank account you provide in your application after you’ve been approved for, and accepted the offer. The money should appear in your account within 1–2 business days¹ of acceptance. The cash draw total will be deducted from your assigned credit limit to determine your remaining available credit. You can use the available credit to draw more cash or fund eligible invoices.
• Interest starts accruing once funds are sent to you. Monthly automatic payments from your linked bank account begin on day 32 after funds are sent. You can make manual payments anytime. You can pay off the entire balance, plus accrued interest, with no prepayment penalty. 

For invoices that qualify, here’s the process:

When you send an invoice, you can choose to get it funded early. Go to Invoices, and select QuickBooks Line of Credit to see your eligible invoices. Then select Get it funded.

• There are no origination or late fees. The full invoice amount will be deposited into the business bank account you provide in your application after you’ve been approved for, and accepted the offer. The money should appear in your account within 1–2 business days¹ of acceptance. The invoice total will be deducted from your assigned credit limit to determine your remaining available credit. You can use the available credit to fund additional eligible invoices.
• Interest begins accruing after funds are sent to you. Accrued interest is waived if your customer pays the full invoice amount through QuickBooks Payments within the first 30 days.³  Those payments are also applied automatically to your QuickBooks Line of Credit balance. If you pay off the balance yourself within the first 30 days, interest is not waived. Standard QuickBooks Payments processing fees apply.
• If your customer doesn't pay the full invoice amount by day 30, you repay the total invoice amount in 12 monthly installments at a fixed interest rate (per your loan agreement).  The first monthly payment is due 32 days after funds are sent.

Cash draw and invoice qualifications

QuickBooks Line of Credit lets you draw cash and fund multiple eligible invoices that meet certain criteria. 

Cash draw qualifications:

• You have enough available credit remaining
• The cash draw amount is $258 or more

Invoice qualifications:

• You sent the invoice through QuickBooks
• You have enough available credit remaining
• The invoice total is $258 or more
• The invoice isn't more than 30 days past due

Each draw is treated and documented as a separate loan according to its own unique terms.

Why overall credit limits and interest rates on each loan can change

Credit limits and interest rates for QuickBooks Line of Credit can change due to things like:

• Business performance
• Repayment history
• Credit usage
• Various other factors

Credit limits and interest rates are subject to change based on various credit factors and market conditions. The interest rate is set when you draw cash or select an invoice to finance. This means the interest rate can change for each loan. 

• If your credit limit increases, it means you’re generally doing great at continuing to meet our credit requirements. This lets you draw more funds, if you need them.
• With a credit limit decrease, focus on things like building a better track record. Repaying QuickBooks Line of Credit loans on time might increase the chance of a higher credit limit in the future.

Connect all your business bank accounts to QuickBooks so you can get more tailored offer(s) for QuickBooks Line of Credit advances.

QuickBooks Line of Credit and your customers

QuickBooks Line of Credit lets you keep a direct relationship with your customers and doesn't interfere with your customer relationships. They won't even know you use it.

Repay QuickBooks Line of Credit

For cash draws, monthly automatic payments from your linked bank account begin on day 32 after funds are sent. 

For invoice advances, when your customer pays their invoice through QuickBooks Payments during the first 30 days, the payment will be automatically applied to your QuickBooks Line of Credit balance.³ Standard payments processing fees apply. If your customer hasn't paid their invoice by day 30, the first monthly payment will be due on day 32. You can take advantage of autopay to repay the loan and each month, the pre-authorized monthly repayment amount will be debited from the same business bank account where your upfront advance was sent.

For both draw types you can make manual payments. Sign in to your QuickBooks account and go to Invoices and then select QuickBooks Line of Credit. You can view, manage, and repay your loans.

There are no prepayment penalties if you prepay your loan in full or in part.

Your loan transaction history with QuickBooks, which includes failure to repay on time, can be reported to Experian Small Business Credit Share and Dun & Bradstreet. 

Each QuickBooks Line of Credit loan requires a personal guarantee. The personal guarantor will have to repay the loan in full if the business can’t. This is common for many small business loans.

Delinquent loans

The lender reserves the right to revoke or limit access to your credit limit if one or more of your loan payments are late.

You may be able to restore access to your credit limit if you pay the past due amount.  Once you make the payment, it can take up to 3 business days before you can use QuickBooks Line of Credit again.

Change payment methods or additional questions

To change your payment method, call 877-223-4710, Monday–Friday, 6:00 AM to 3:00 PM, PT. You can choose to pay with a check, money order, or wire transfer.  Note the disbursement date of your loan for easy reference.

You can send payments by check.  

Note: Payments received after 4:30 PM Pacific Time (PT) on weekdays are considered made on the next business day.

Regular mail: 

Intuit Financing Inc.
P.O. Box 842978
Dallas, TX 75284-2978

Express or overnight delivery:

Bank of America Lockbox Services Infomart 

Lockbox 842978
1950 N. Stemmons Fwy
Suite 5010, Dallas, TX 75207

If you have questions about QuickBooks Line of Credit, call us at 877-223- 4710 or email Servicing@intuit.com.

QuickBooks Line of Credit loans are issued by WebBank.

¹ Actual funding times can vary depending on third party processing times.  

² Cash draw feature only available for those meeting certain criteria determined by the lender; if eligible, to take advantage of this feature submit an application, which will be reviewed for credit worthiness and verification of additional information prior to final credit decision. 

³ This feature isn’t available for customer invoice payments made through GoPayment, Pay links, or QuickBooks Online Receive Payment experience.