QuickBooks Capital FAQ

Loans through QuickBooks Capital—QuickBooks Term Loan and QuickBooks Line of Credit—are small business loans, not personal loans. They are designed to help businesses access funding using their existing QuickBooks data.

Here’s what to expect across these QuickBooks Capital products: 

• Application: Apply directly in QuickBooks using your business information.
• Decision time: Decisions can be returned in as fast as 30 seconds after you apply.
• Funding time: If approved and you accept the terms, funds are typically deposited within 1–2 business days, depending on third-party processing time. Same-day funding isn’t available.
• Fees: There are no origination fees or prepayment penalties. You can pay off your loan early without extra fees. Interest does apply.
• Origination: Loans are originated by WebBank and made available through QuickBooks Capital.

The QuickBooks Term Loan is designed for businesses that want a lump sum of funding with predictable payments. This option is suitable for larger, one-time expenses or investments where a clear payoff timeline matters.

Key features include:

• Repay over a fixed term with set payments.
• Loan terms, including amount, APR, and repayment length, are shown before you accept.

The QuickBooks Line of Credit offers flexible access to funds, giving businesses more control over when and how they borrow. This option is built for businesses that want ongoing access to capital as cash flow needs change.

Key features include:

• Once approved for a credit limit, you can draw funds as needed. Draw funds as cash draws or fund eligible invoices.
• Each invoice advance and each cash draw is a separate, closed-end term loan with its own loan amount, interest rate, and payment terms.

Pay interest only on what you use. Invoice funding may include interest waivers if customers pay eligible invoices through QuickBooks Payments within the applicable timeframe. Conditions apply.

A personal guarantee means you agree to pay back the business loan yourself if your business can’t.

Only the business owner who applied for and was approved for the Line of Credit, and is the personal guarantor, can draw funds. Other company admins cannot take draws.

To access funds:

1. Sign in to QuickBooks and go to the Lending section.
2. Select Line of Credit to view your available credit limit and take a draw.

Various factors determine your eligibility for a loan, including business history within QuickBooks, transactions, revenue, current liabilities, and the credit profile of the business and personal guarantor.

General guidelines include:

• Revenue: Businesses with at least $50,000 in revenue in the past year may be eligible.
• Bankruptcy: Applicants should not have any personal or business bankruptcies in the last two years.
• Personal guarantor: A personal guarantor agrees to repay the loan if the business cannot.

Seeing a marketing offer means your business is eligible to apply, but it does not guarantee approval. Approval is determined after your application is submitted and reviewed. Because offers and availability are based on current information, an offer may change, disappear, or appear as your business information updates.

Check the Lending section regularly to see available options, including third-party offers. You can check your current eligibility here: https://qbo.intuit.com/app/capital/lendingoverview?jobId=lending.

Eligibility for QuickBooks Term Loan and QuickBooks Line of Credit can change. Starting an application for one product may temporarily affect whether another product appears. Once an application is completed or no longer active, other options may become available again.

Applying for a QuickBooks Term Loan or QuickBooks Line of Credit does not impact your personal credit score. However, repayment activity may be reported to business credit bureaus, such as Dun & Bradstreet and Experian Small Business.

• On-time payments can help your business credit profile.
• Missed or late payments can hurt your business credit profile.
• Activity for these loans may be reported to personal credit bureaus.

Funds from these products are for small business use only and should not be used for personal expenses.