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billing88
September 21, 2021
Question

When is it possible to apply for a new quickbooks capital loan after your first one is paid off?

  • September 21, 2021
  • 1 reply
  • 0 views
Original QB Capital loan has been paid off. What is the time duration to wait for the ability to apply for a new one?

1 reply

MariaSoledadG
MariaSoledadG
September 21, 2021

Allow me to share a few information about QuickBooks Capital loan and guide you on when to apply for a new one, billing88.

 

QuickBooks customers can only have one active loan. You can apply for another loan after you've paid off the original one.  While we can’t guarantee you’ll be eligible for a new loan, most customers who have paid off their first loan have another chance of being approved for a second loan. You'll want to reach out to our support team to double-check your eligibility and guide you in your second loan application. I've added this article for more information: Questions About Funding With QuickBooks Capital.

 

In addition, you can go through these articles if you have any questions about QuickBooks Online: Recommended and Most Viewed Articles.

 

Reach out to us if you have any concerns about Capital loans. We'll always be right here to help. 

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evergreengrowersinc99
December 5, 2022

It has been two months since I have paid off my small loan. I would like to apply for a new one but my paid loan still shows active on quickbooks and I see no option to apply for a new one. I have called support team but he mentioned that it is just unknown for when my paid loan will be cleared off. Is there anything else I can do ?

MJoy_D
MJoy_D
December 5, 2022

I'm here to share some information that can help you with applying for a new loan, @evergreengrowersinc99.

 

You can only have one active loan outstanding per business at a time. If you've paid the loan already, I suggest checking with the QuickBooks Capital Loan Servicing team to verify your current loan in a secure environment and help you process a new one. 

 

You can get their phone number from the QuickBooks Capital homepage, under the Payment History section or from the first page of the loan agreement under the Lender information. They're available from Monday to Friday: 6:00 AM – 6:00 PM Pacific Time. For more information about business loans provided by QuickBooks Capital and if you're eligible for a second loan, check out this article: What is QuickBooks Capital.

 

Here's also how to check your loan documents if you want to view, download, and print those documents: QBC: Where can I find my QuickBooks Capital loan documents?.

 

Let me know if you need further information about applying for a new QuickBooks Capital loan. I'm always here to answer them for you. Have a great rest of the day!

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