QuickBooks Capital Review: Is Your Small Business Eligible For QuickBooks Capital Loans?
QuickBooks Capital provides Intuit financing to QBO and QB Desktop users based on your QB information. Discover if you're eligible for QuickBooks Capital loans.
QuickBooks Capital

Total Rating | 4.5 |
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Interest Rates & Fees | Excellent |
Application Process | Excellent |
Sales & Advertising Transparency | Excellent |
Customer Service | Good |
Reviews, Complaints, & Testimonials | Fair |
Pros
- Easy application process
- The typical time to funding is one to two days
- No origination fee
- No prepayment penalty
Cons
- Only available to QuickBooks users
- No long-term financing options are available
- Customer service is inconsistent
- Financing isn’t available in some states (Nevada and Alaska)
Table of Contents
- What Is QuickBooks Capital & How Does It Work?
- Lending Services Offered By QuickBooks Capital
- QuickBooks Capital Borrower Requirements
- QuickBooks Capital Interest Rates & Fees
- QuickBooks Capital Loans Application Process
- QuickBooks Capital Sales & Advertising Transparency
- QuickBooks Capital Customer Service & Technical Support
- QuickBooks Capital Loan Reviews, Complaints, & Testimonials
- Final Verdict: Is A QuickBooks Capital Loan The Best Option For Your Small Business?
- FAQs: QuickBooks Capital Loans
What Is QuickBooks Capital & How Does It Work?
QuickBooks Capital is a lending service available to QuickBooks Online and QuickBooks Desktop users. Operating much like PayPal Working Capital or Shopify Capital, QuickBooks Capital uses your QuickBooks information to determine whether you’re eligible for a loan; in fact, it speeds up the application process by automatically filling in your existing information.
QuickBooks Capital offers installment loans (also commonly known as term loans) with term lengths of six months, nine months, 12 months, or 18 months. With APRs of 9.99% to 34%, QuickBooks Capital’s rates are on par with those of other online lenders, but there are no closing fees or origination fees — a definite advantage over the competition.
QuickBooks Capital financing is not cheap, and you’ll have to pay your loan back fairly quickly. That said, QuickBooks Capital could be an excellent source of fast funds, especially if you have a seasonal or young business that may not be approved elsewhere.
Keep reading to see if QuickBooks Capital is right for your business!
Lending Services Offered By QuickBooks Capital
QuickBooks offers installment loans (also commonly called term loans). These are loans that grant the borrower a lump sum of cash. In exchange, the borrower has to repay the amount borrowed, called the principal, plus interest within an agreed timeframe. Payments are made on a regular schedule called installments.
If you are not eligible for a QuickBooks Capital loan, the company also provides a lending marketplace, QuickBooks Capital Marketplace, through which you may qualify for financing from one of QuickBooks’ financing partners. QuickBooks will use information from your QuickBooks account to determine your eligibility for partner offers.
QuickBooks Capital Borrower Requirements
These are the qualifications you must meet to be eligible for a QuickBooks Capital loan:
Time In Business | 6 months of activity on a QuickBooks account |
Personal Credit Score | 620 |
Business Revenue | $50,000/year |
In addition, you must:
- Be an active QuickBooks user
- Have primary business bank accounts connected to QuickBooks Online
- Have had no bankruptcies in the past two years
QuickBooks Capital also enforces a prohibited industry list. This list is not available online, but you can contact customer support directly to see if your industry is prohibited (see our Customer Service & Technical Support section for contact options).
QuickBooks Capital is available to applicants in 48 states. Residents of Alaska and Nevada are not eligible to apply, presumably for regulatory reasons.
There is no specific requirement for how long a business must be in operation before being eligible for a QuickBooks Capital loan. However, a clear picture of your business is needed, so at least six months of QuickBooks activity is required to qualify.
QuickBooks Capital only requires a “fair” credit score of 620, and the company also reports your loan repayment activity and status to Dun & Bradstreet and Experian’s Small Business Credit Share (SBCS). Having a QuickBooks Capital Loan in good standing can help you improve your business credit score.
QuickBooks Capital Interest Rates & Fees
These are the terms and fees for QuickBooks Capital:
Borrowing Amount | $5,000-$150,000 |
Term Length | 6-18 months |
Interest Rate | 2.61%-29.04% |
Origination Fee | None |
APR | 9.99%-34% |
Collateral | Personal guarantee |
QuickBooks Capital offers installment loans with six-month, nine-month, 12-month, and 18-month term lengths. Interest rates vary depending on the length of the loan, your credit history, and the loan amount. The dollar amount your business is eligible for will depend on your business financials, though the borrowing range is anywhere from $5,000 to $150,000. QuickBooks Capital does not require collateral but does require a personal guarantee: a promise that you personally will pay the business loan back should your business declare bankruptcy.
Since QuickBooks Capital offers installment loans, you can save money on interest costs by paying off your loan early. There are no prepayment penalties. Payments are debited weekly or monthly from your business bank account using ACH payments. You can use QuickBooks Capital’s loan calculator to get an idea of how much your payments might be.
While there doesn’t seem to be any discounts offered to repeat borrowers, QuickBooks Capital says that most businesses that successfully pay off their first loan will be eligible to apply for a second loan.
QuickBooks Capital loans originate directly through Intuit, QuickBooks’ parent company.
QuickBooks Capital Loans Application Process
You can kick off the application process right from QuickBooks by visiting the Capital tab in your QuickBooks Online or Desktop dashboard. QuickBooks Capital uses information from QuickBooks to autofill the majority of the application. All you have to do is verify that the information is correct and fill in any missing data. Most often, you won’t need to provide any additional documentation. You will typically hear back from QuickBooks Capital in two to three days.
QuickBooks Capital will only do a soft credit check, which won’t affect your credit score. However, there may be a small impact on your business credit history when you apply for a loan.
If approved, you can choose from a range of borrowing amounts. After that, it will usually take one to two days for funds to be deposited into your bank account.
If you are not approved by QuickBooks Capital, or you’re looking for a different type of loan (such as a line of credit or an SBA loan), you can check the QuickBooks Capital Marketplace to see other lending partners that integrate with your QuickBooks Online account.
QuickBooks Capital Sales & Advertising Transparency
QuickBooks Capital has a well-designed website with many details about its financing service. You can learn pretty much everything you need to know about the service on the QuickBooks Capital website, although you may have to click around the various FAQs to find the info you’re looking for. QuickBooks Capital is only available to QuickBooks users, and you must log in to your QuickBooks account to apply.
QuickBooks Capital Customer Service & Technical Support
QuickBooks Capital offers FAQs and phone support. You can also access a live chat feature directly from within QuickBooks Online.
Customer service has never been QuickBooks’ strong suit. The company is notorious for long wait times, and representatives often vary in knowledge and helpfulness. Luckily, QuickBooks Capital’s phone support team has much shorter wait times and more helpful representatives. Time will tell if this branch of QuickBooks breaks the chain of poor customer support or not.
QuickBooks also has an extensive community forum where you may find a few questions regarding QuickBooks Capital.
QuickBooks Capital Loan Reviews, Complaints, & Testimonials
Negative Reviews & Complaints
Intuit has an A+ rating with BBB and over 2,000 complaints closed within the last three years, but the site doesn’t isolate complaints about QuickBooks Capital. In fact, very few of the complaints address QuickBooks Capital at all and instead are addressing issues with QuickBooks and TurboTax.
QuickBooks Capital loans might not be right for you:
- If you’re looking for more extended term lengths
- If you need to borrow more than $150,000
- If you aren’t a regular QuickBooks user
Positive Reviews & Testimonials
You can find customer stories on the QuickBooks Capital website. Here are some of the reasons these users like QuickBooks Capital:
- It’s easy to apply and get approved
- Funds are delivered quickly
- Provides a good business growth opportunity
Since there are so few customer reviews out there, we’d love to hear from you! Have you accepted a QuickBooks Capital offer? What was your experience like? Leave a message in the comments below.
Final Verdict: Is A QuickBooks Capital Loan The Best Option For Your Small Business?
QuickBooks Capital loans are a good option for existing QuickBooks users looking for an easy application and fast funds. Newer businesses and businesses with fair credit can qualify for funding as long as their revenues are sufficient to make loan payments. A QuickBooks loan can also help you improve your business credit score. QuickBooks Capital loans are ideal for inventory purchasing and working capital but may not be ideal for long-term needs, such as business expansion.
QuickBooks Capital’s rates are competitive with other lenders. A QuickBooks Capital loan is definitely worth considering if you’re a QuickBooks Online or QuickBooks Desktop user looking for a short-term loan. However, if you’re looking for a loan with more extended term lengths or larger borrowing amounts, you’ll need to look elsewhere. Check out some of our other top-rated lending providers to explore all of your financing options.
FAQs: QuickBooks Capital Loans
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Organization Name: Rookie Atlanta
I struggled to give this one at least 4 stars but there are two glaring issues (one star removed for each).1) Really poor communication. It’s either super easy or super difficult to get someone to chat/phone. One rep literally had NO idea what Quickbooks Capital was…I had to send her a link to read about her own company’s product. She kept asking if I needed PPP help.2) It says, in many places, to pay off your loan early to be considered for a new loan. I paid mine off 3 mos early. Found out you have to wait an entire month (30 frigging days) to reapply. I paid early thinking I could re-up earlier. Nope. Shopify doesn’t even require that you wait until the loan is paid. They review you after 85% remittance.
This comment refers to an earlier version of this review and may be outdated.
Organization Name: Pawan Bagaria,CPA
I wont recommend at all QB capital for any loan. Helped People in obtaining PPP loan through them. After the loan is funded it’s a kind of impossible to get the loan now forgiven. The other lenders loan forgiven policy are very simple and online. The borrower just log in and apply and in 3 to 5 days the loan is forgiven. I did not come across any client of mine being denied forgiven. With QB capital even your loan is $1k you email then tons of documents so they can verify whether the loan was obtained properly and then in 9 out of 10 cases they will deny the loan forgiveness. Just to inform here that the SBA is authority is the final which can deny or approve the loan forgiveness and not QB Capital. They are simply need to take application and needed documents as per the SBA guidelines and submit to SBA. But they are really harassing the borrower. I will request through this post that SBA need to look into their practice of forgiveness process.
This comment refers to an earlier version of this review and may be outdated.
Organization Name: EV Enterprises LLC
I have had 3 loans with Intuit Quick Capital. Only this last one was bad.The procedure for paying off a loan is not at all clear. On their website they show a balance. If you pay that the charges don’t stop. There is no place that you can find what you really really have to pay.The day after I paid the amount shown as the balance, $292.30 popped up. The following week, I called to complain and found out the amount I really had to pay was 391.08 almost $100 in additional interest on $292.30 for just 1 week? Really?My advice: consider other options before using Quickbooks Capital.
This comment refers to an earlier version of this review and may be outdated.
Organization Name: OnPoint Property Solutions
We had a wonderful experience with Quickbooks Capital. They lent, we paid looking forward to doing business again…
This comment refers to an earlier version of this review and may be outdated.
Organization Name: Southern Acme Contractors Inc
What interest rate were you charged for your loan?
This comment refers to an earlier version of this review and may be outdated.
Quickbooks Capital has poor communication, lack of transparency and overall lack of knowledge of your business. Stick your local banks how understand your business
This comment refers to an earlier version of this review and may be outdated.
Organization Name: QuickBooks Capital
Hi there! Thanks for the review. I hope you don’t mind but I wanted to provide a slight correction on the phone number listed. It should be 844-848-0430. Thanks!!!
This comment refers to an earlier version of this review and may be outdated.
Thanks for bringing that to my attention, Andrew! I’ve updated the review accordingly.
Best wishes,
-Chelsea Krause
This comment refers to an earlier version of this review and may be outdated.