I got approved for a Quickbooks Capital loan, but the recurring payment was on a WEEKLY basis with no way to change it to monthly. Is that supposed to be like that?

Congratulations on successfully applying QuickBooks Capital, userzionbotanical. I'll share some information about the payment basis and route you to the best support available to address your desired changes.

Depending on the conditions of your loan agreement, Intuit automatically deducts your loan repayment either weekly or monthly. Payments are made directly out of the company bank account you specified on the loan application.

You can contact our Support Team to further help regarding the recurring payment basis. They can pull up your account and help you decide the best course for you. 

Here’s how:

1. Go to the Help icon.
2. Choose the Search tab and then Contact Us.
3. Enter a brief description of your concern.
4. Hit Continue.

For more ways on how you can reach out to us, refer to the in this article: Contact Payments Support. This includes the support hours you’ll want to take note of, so we can address your concerns on time.

You’ll want to refer to read about QuickBooks Capital to learn more about how it helps you and your business. If you need your loan documents, you can refer to this article: QBC: Where can I find my QuickBooks Capital loan documents?

Feel free to check out these resources to find out about PPP loan and how to get your business credit score for free with QuickBooks Capital:

• Get your business credit score through QuickBooks Capital
• Paycheck Protection Program loan forgiveness

Leave a comment again if you have other concerns. I'll be here to assist you with any QuickBooks-related tasks. Stay safe!