QuickBooks Line of Credit: What Small Business Owners Should Know
Intuit has added a line of credit to QuickBooks. We explain how revolving credit works, who gets the offer, and what to check before you draw.
Intuit has introduced a line of credit for QuickBooks customers. It puts revolving finance inside the software many small businesses already use every day. Here is our independent read of the move, and the questions worth asking before you accept anything.
Financing inside QuickBooks is not new
Intuit has offered funding through QuickBooks Capital for years, typically as fixed loans arranged with partner lenders. A line of credit works differently. You get a limit, draw what you need, repay it, and the room opens up again. That shape suits businesses with uneven income, where a fixed loan can sit unused or run out too soon.
Who actually sees the offer?
Not every account will show one. Lenders apply their own screening, and offers appear where the numbers support them. If you cannot see it, that is normal and says little about your business. If you can, remember that an offer is an invitation, not advice.
What does the money cost?
We will not quote rates here, because terms vary by applicant and shift over time. Financing programs change, so the figures shown in your own account are the ones that count. The number that matters is the total cost of the money across the period you expect to hold it. Read the fee disclosure before accepting, and compare it with a bank line, a credit union, or a low-rate business card.
Checks worth making before you accept
- Model the repayments against your real cash flow, not your best month.
- Confirm any fees on unused credit and on each draw.
- Note the repayment schedule and what happens if a payment fails.
- Check whether a personal guarantee is part of the deal.
- Share the full terms with whoever prepares your accounts before you sign.
A note for accountants
Clients will ask about offers they see inside their own software, sometimes after accepting them. The useful move is simple: put the repayments into the client’s forecast and test them against a weak quarter. That turns a marketing offer into a decision with numbers behind it.
The practical next step
Rebuild your cash forecast with the repayments included, then stress it with a bad month. If the forecast still holds, the credit line is probably safe to use. If it does not, you have your answer without paying for it.