Personal Loan to LLC

Good morning, @Johnmong. 

Welcome to the Community! I appreciate you coming here with your question about a personal loan within QuickBooks Online. 

I'd be more than happy to give you some insight on setting up a loan in your account. In QuickBooks Online, you can set up a liability account to record the loan and its payments. This account tracks what you owe.

Here's how to set up your liability account to track the loan: 

1. Set up a liability account to record what you owe. 
2. Record the money you got from the loan. 
3. Record loan payment. 

In addition, review this guide for more detailed instructions for these actions listed above: Set up a loan in QuickBooks Online. 

Come back if you have any other questions or concerns. We're always here to lend a helping hand. Take care! 

Candice

This was excellent feedback - thank you so much!!!! 

You're much welcome, @Johnmong.

I'm happy that my colleague's able to help you with your concern. Feel free to reach out to us again if you need help with anything else.

Keep safe always!

How can I apply for a personal loan

Allow me to share some information about applying loan, Mariebrown856. 

QuickBooks Online (QBO) is primarily an accounting software platform. The option to apply for a personal loan isn't available in QBO. However, you can use QBO to manage your finances and prepare the necessary documentation when applying for a personal loan. 

I recommend visiting the following link for guidance on the process of applying for personal loans: https://mint.intuit.com/personal-loans/.

If ever you're planning to use the funds for your business, you can opt for QuickBooks Capital instead. To check whether QuickBooks Capital is available to you, please visit QuickBooks Capital. For more answers, check out the FAQ section.

Keep me posted if you still have questions about loans in QBO. I'll be around for you. Have a great day!