Working Capital

The Complete Guide to Business Funding from QuickBooks Capital

quickbooks capital; person using calculator at computer

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. 

QuickBooks Capital: Business Funding Overview

QuickBooks now offers small businesses the option to apply for funding without leaving their account. Because many small business owners don’t qualify for financing from traditional lenders like banks, they now offer term loans tailored to this group. The loans range from $5,000 and $150,000 with terms from 6 to 18 months. You can compare the costs of weekly and monthly loan payments so that you can make payments minimize interest while maximizing your cash flow in QuickBooks

What is QuickBooks Capital and How does it 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

2. Apply from within your account

3. QuickBooks will contact you with any questions

4. Get funding 1-2 business days after getting approved. 

Quickbooks Capital Borrower Requirements

Not sure you qualify for QuickBooks funding? Here’s what QuickBooks looks at to determine if you’re eligible for QuickBooks Capital.

  • Your business records in QuickBooks
  • Personal and business credit history; minimum score of 620
  • Primary business bank accounts you have connected
  • Revenue of at least $50,000 over the last 12 months
  • At least 6 months of activity in your account
  • Not located in the U.S. states of Nevada or Alaska (QuickBooks Capital isn’t offered there at this time.)


While business collateral isn’t required, QuickBooks bases the loan in part on a personal guarantee. This means you promise to personally pay back the loan if your business is unable to.

Quickbooks Capital Interest Rates & Fees

The interest rates for QuickBooks Capital varies based on your personal guarantee and business healthy, but ranges from 2.61% to 29.04%. APR is between 9.99% to 34%. 

There are no fees for QuickBooks Capital funding – that means no origination fee, no early payment fee, and no application fee. 

QuickBooks Capital Application Process

The first thing you’ll need is your login credentials since you’ll need to apply from your QuickBooks account. You’ll also need:

  • Basic business information (like phone number, address, and email)
  • Business employer ID number or (in the U.S.) social security number
  • Financial information, such as revenue and tax data
  • Personal information and state-issued ID and supporting documents


The application takes less than a business day to complete, unlike complicated loan applications. To start the process, go to the Capital tab in your QuickBooks Online dashboard. From there, most of the application will be automatically filled in from information in your account. Check to ensure everything is accurate, add any missing details, and submit the application. QuickBooks will follow up with any questions and whether you are approved in a few days. 

If you’re approved, you can then choose your loan amount based on the amount you’re approved for. The money will be deposited into your business bank account one to two business days after that. 

Customer Service & Technical Support

If you have any issues with the application process or with the QuickBooks platform as it relates to QuickBooks Capital, you can call their phone support for help. There’s also a live chat option so that you can send a quick message to a representative. Searching for your question in the QuickBooks Capital FAQs or in QuickBooks online Q&A community could also lead you to the right information. 

The Advantages of QuickBooks Financing

Streamlined Application Process

Because you can complete the entire process from within your QuickBooks account, the QuickBooks Capital application process only takes a few minutes to complete.

No Extra Fees for QuickBooks Loan

Unlike many other funding options, QuickBooks funding doesn’t come with any fees, hidden or otherwise. You’ll know exactly how much you’ll pay upfront before agreeing to the loan, along with how much your weekly or monthly payments will be. 

The Disadvantages of QuickBooks Financing

Invite-Only Financing

One drawback of QuickBooks funding is that you have to have a QuickBooks account, and it must have at least 6 month of activity in it. (Meaning you can’t create an account and immediately apply for QuickBooks Capital.)

Limited Marketplace Options

If you don’t like or don’t qualify for QuickBooks Capital, other financing options are offered from partners in the QuickBooks Capital Marketplace. However, the options are limited. They may also have additional eligibility requirements.

Top Alternatives to QuickBooks Capital

Invoice funding

If you don’t want to take on the debt from having a QuickBooks Capital loan or don’t qualify for bank lines of credit, invoice funding might make sense for your business. With invoice funding, a business owner sells invoices to a factoring company. The business owner receives cash for the invoice amount, usually less fees, ahead of the payment terms. The business owner’s customer, who is responsible for paying the invoice, instead pays the invoice amount to the factoring company according to the original payment terms. It provides complete confidence knowing that your cash is secured by an expected invoice payment.

Cash flow is the top challenge for small business owners, often due to long payment terms their customers expect. If you want to speed up cash flow with quick access to funding, FundThrough can help – and it’s integrated with QuickBooks Online. Here are a few common reasons small businesses use invoice funding:

  • Making payroll costs
  • Buying new equipment
  • Paying their own suppliers & operating expenses
  • Hiring staff
  • Fulfilling large orders or projects that drive growth 

Business-to-Business (B2B) Lending

B2B lending is a type of business financing where one business chooses to loan funds to another. In many ways, B2B lending operates in much the same manner as a traditional bank loan, with similar terms and conditions. Often, B2B lenders aren’t the financial source making the loans themselves. Instead, they facilitate the funding process between small businesses and their lenders.

Because B2B business loans are term loans much like a bank, they also have many of the same requirements. While these requirements are often not as stringent as those seen with a bank, they do ask that businesses have high credit scores, established business histories, and a specific amount of annual revenue for access to credit with the most competitive rates.

Working Capital Loans

Working capital loans are exactly what they sound like: loans you can use specifically for your everyday operations, offered by a traditional financial institution. Short-term cash flow crunches are the most common reason businesses get these loans, due to a growth spurt, a new project, or a gap in sales. They can take the form of term loans or cash flow loans with a fixed fee. 

Drawbacks of working capital loans come in the form of high interest rates and a complex loan application process. As with any loan where collateral is minimized, lenders offset risk by applying high interest rates. These loans are often tied to personal credit scores (as well as your business credit score). It’s important to weigh the pros and cons when you’re considering cashflow finance for small business.


QuickBooks Capital FAQs

How much does it cost for me to use QuickBooks Funding?

It depends on how much you borrow and the interest rate you qualify for, which ranges from 2.61%-29.04%. APR is between 9.99% to 34%. There are no origination fees or prepayment penalties for QuickBooks financing.

What industries does QuickBooks Funding work with?

QuickBooks Capital isn’t industry exclusive. If QuickBooks software makes sense for your industry, so should the financing options. 

How much can I get from QuickBooks Funding?

The loans range from $5,000 and $150,000 with terms from 6 to 18 months.

What happens after I apply for QuickBooks Funding?

QuickBooks will follow up with any questions and whether you are approved in a few days. If you’re approved, you can then choose your loan amount based on the amount you’re approved for. Loan proceeds will be deposited into your business bank account one to two business days after that. 

Ready to Factor an Invoice?

Get started by creating a free FundThrough account, or connecting your QuickBooks, OpenInvoice, or WorkBench account to start funding an invoice. Want more info about how to use QuickBooks Financing? Our A-Z Guide has you covered!

Explore fast payments with an experienced fintech

Interested in possibly embedding FundThrough in your platform? Let’s connect!