Owner's draw using EIDL loan

I'll help you record properly an owner's draw account in QuickBooks, @bigbang. 

First, let's create an owner's draw account: 

1. Choose Lists and select Chart of Accounts.
2. At the bottom left, choose Account and then click New.
3. Select Equity and click Continue.
4. Enter the account name (Owner's Draw is recommended) and description.
5. Click Save & Close.

Once done, write a check from an owner's draw account:

1. Go to Banking and select Write Checks.
2. In the Write Checks window, go to the Pay to the order of section and select the owner. Then, enter an amount next to the $ sign.
3. In the detail area of the check, assign the amount of the check to the equity account you created to record the owner's draws.
4. Click Save & Close to record the check.

In addition, you can check out this article on how to set up accounts for your loans, and manually track them in QuickBooks Desktop.

In case you want to keep track of your loans and be reminded about upcoming payments, you can track and manage your loans with the QuickBooks Loan Manager.

That's it! Please let me know if there's anything else I can do to be of assistance. Have a great weekend!