QuickBooks Capital: Review and Complete Guide to Business Funding

Small business owners have a variety of reasons they need funding: maybe you have some cash flow gaps because of long payment terms from your customers. Or, maybe you’re ready to take the next step in your business and expand. Whatever the case, finding funding can seem difficult, especially if you’re a small business without much history. But there are options available, including QuickBooks funding through their product QuickBooks Capital, offered by Intuit Financing Inc.

What is QuickBooks Capital?

QuickBooks offers small businesses the option to apply for multiple funding options at once. This service saves many small business owners valuable time they’d spend applying for funding with a bunch of institutions (including QuickBooks Capital) by showing them offers they likely already qualify for based on a soft credit check. The loans range from $1,500 and $150,000 with repayment terms from 6 to 18 months. You can compare the costs of weekly and monthly loan payments so that you can make payments to minimize interest while maximizing your cash flow in QuickBooks.

How does QuickBooks Capital work?

QuickBooks Capital is a loan product for small businesses. Here’s how it works:

1. Make sure all records in your QuickBooks account are up-to-date. Once all your records are up to date, QuickBooks will share your data (with your consent) with its wide range of online lender partners to explore potential business loan options tailored to your needs.

2. Review available offers. Evaluate the personalized offers available to you through QuickBooks loan financing partners, comparing the repayment terms and conditions of each.

3. Choose an offer. Once you’ve compared your offers, take the next step toward securing funding by completing the application process with a QuickBooks business loan partner.

4. Funds are deposited on approval. Once your application for funding is approved, you’ll receive funds directly to your business bank account.

Want to learn more about QuickBooks Capital including rates and the pros and cons? Read more here.